The #dollar touched a more than seven year peak against the #yen on Monday, while the #SwissFranc slipped against the euro after voters rejected a plan for the central bank to boost its gold reserves. #Gold prices tumbled after Swiss voters overwhelmingly rejected the proposal in a referendum, adding to a broad rout in #commodities that also sent #oil prices to five-year lows. The dollar index, which tracks the #greenback against a basket of major #currencies, was steady on the day at 88.325, after earlier marking a four-year high of 88.451. Mondays losses in #gold and #silver come just after the metals had recovered modestly from their drop to four-year lows a month ago. Weakening gold and oil prices provided no incentive for investors to buy #commodity currencies such as the Australian dollar, and the downbeat China data did not help. Read More: https://olofx/posts/dailyfundamentalanalysis/2014/12/01 #forex #Fundamental
Posted on: Mon, 01 Dec 2014 08:42:41 +0000
Trending Topics
Recently Viewed Topics
© 2015