The Euro plummeted to its lowest level against the dollar in three weeks on Wednesday after the President of the European Central Bank Mario Draghi said the outlook for European zone at risk of weakening economy, opening up opportunities for additional policy.
Wall Street managed to recover some loss on Wednesday, but still closed in negative area for a second day, triggered by disappointment over the Fed's minutes and anxiety regarding the current zones of Europe. Commodities also fell, with the gold traded near low level 3 months and the low level of crude oil touching 6 weeks.
Economic Data today is the foreign currency reserves, the CPI from Switzerland, manufacturing production, industrial production, NIESR GDP estimate from the United Kingdom, Germany, the industrial production of the interest rate decision and statement from BoE, initial claims from the us.
EUR/USD closing 1.3142, high, low, 1.3237 1.3105 XAUUSD C:1620.80, H:1648.00, L:1612.70, CO-S c: 102.04, H: 104.12 l: 101.08. Dow C, h.: 13005: 13135, L:12951.
Posted in: cpi switzerland,economic data today,euro plummeted,mario draghi,Market Review 05 April 2012,wall street managed