Forex and Gold Mid Week Report 10 April 2013-ISMARFinancial

The U.S. dollar fell against most major currencies on Tuesday after the yen rebounded from a sell off stemming from the Bank of Japan’s launch of its large stimulus program. Rising equities prices in the U.S. enticed investors out of the safety of the greenback as well.

Gold futures were mildly higher in range bound trade during U.S. trading hours on Tuesday, as a softer U.S. dollar supported prices while investors continued to speculate whether the Federal Reserve will keep its loose monetary policy in place for the indefinite future.

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