The #IronFX Midday Commentary: The #dollar was unchanged - TopicsExpress

The #IronFX Midday Commentary: The #dollar was unchanged against most of the other #G10 #currencies during the #European morning Monday, as no major market-affecting indicators were released. It was slightly higher against #CAD, #AUD and #NOK, in that order. The Russian ruble was the main loser among the #EM currencies we track, as talks between Russia and Ukraine over gas prices failed. Russian stocks were also down as OAO #Gazprom, Russia’s biggest natural gas producer, slumped. Gazprom said Ukraine will only receive gas paid for in advance due to chronic non-payment of its bills. The Polish zloty was also among today’s #EM losers after seeped recordings of a conversation between NBP (National Bank of Poland) Governor Marek Belka and a minister raised concerns about Governor’s future and triggered a government crisis. #Copper edged higher after the central bank in China, the world’s biggest consumer of the metal, extended a reserve requirement cut in an attempt to support its #economic growth.

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