The Dollar touched a high of level 11 months against the yen and the new high level 1 new moon against the euro on Wednesday after the Federal Reserve raises its economic outlook amid a number of US data to indicate a stronger economic recovery.
The strengthening dollar pushes gold to descend to the lowest level since mid-January. The price of oil has come down. Meanwhile us stock exchanges closed mix in the quiet trading session in which occurs a sharp decline in the prices of commodities and bonds.
Economic Data today is MI inflation expectations, new motor vehicle sales from Australia, bulletin RBA, SECO economic forecasts from Switzerland, the interest rate decision and a statement from SNB Monthly bulletin, the ECB, PPI, jobless claims, the empire state manufacturing index, Philadelphia Fed manufacturing index.
EUR/USD closing 1.3033, high, low 1.3008 1.3090 XAUUSD, C:1643.90, H:1682.20, L:1634.85, CO-S c: 153.12, H: 107.02 l: 105.12. Dow C: 13130, H: 13154, L:13079.
Posted in: Market Review 15 March 2012