WEEKLY OVERVIEW OF FOREX, GOLD AND OIL 15 to 19 October 2012

The dollar rose against most major currencies on Friday as investors sought safety in the liquid U.S. currency after soft housing data and weak third-quarter earnings hit the wire earlier.

Rupee Outlook fell during the week and interbank trading was at Rs95.40 and Rs.95.45 buying and selling which is stronger than Rs.95.50   and Rs.95.55 as compared to last week.

The dollar rose against the yen and major currencies last week as investors opted to hole up in safe-haven dollar positions in wake of weak U.S. housing data and poor third-quarter earnings results out of the U.S.

A risk-off trading session sent gold falling. U.S. existing home sales fell in September but in line with expectations, industry data revealed on Friday. Uncertainty out of Europe pressured the yellow metal down as well.

Crude oil futures dropped in U.S. trading on Friday after industry data revealed existing homes sales declined in the U.S. last month. Weak corporate earnings pushed oil prices down also, fueling concerns that a sluggish U.S. economy will need less fuels and energy to operate.

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