Dollar adds to the gainnya against the yen on Tuesday after the Federal Reserve acknowledges the existence of reinforcement on the u.s. economy recently, also pushed Wall Street to closed up sharply, and the main index to a high level in recent years.
Meanwhile gold dwindled after the FOMC statement only gives little clue as to the additional monetary easing in the United States.
Oil prices rise as economic data improving sentiment on the rise in Germany, retail sales, and after the US central bank confirms its intention to hold interest rates low, tnigkat sparked optimism about economic growth.
Economic Data today is Westpac consumer sentiment, housing starts from Australia, BSI manufacturing index, industrial production from Japan, monthly reports of the BoJ, claimant count change, the unemployment rate of the United Kingdom, ZEW economic expectations from Switzerland, CPI, industrial production from the European zone, current account, crude oil inventories from the US, as well as speeches from Ben Bernanke.
EUR/USD closing 1.3084, high, low, 1.3191 1.3050 XAUUSD C:1672.00, H:1705.75, L:1662.30, CO-S c: 106.72, H: 107.35 l: 105.67. Dow C: 13109, H: 13115, L:12892.
Posted in: Market Review March 14 2012