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• Dollar «safe haven» gains
Wednesday, March 21, 2012
London - Reuters - The dollar rose against a basket of currencies yesterday, supported by safe-haven demand with the decline of risk appetite, while made strong gains against the Australian dollar amid fears that China's demand for raw materials may be slowing down. The Australian dollar fell 0.8 percent to 1.0528 dollars with the currency was under pressure after he saw the mining company «BHP Billiton» signs of slowing demand growth for iron ore in China, the largest market for Australian exports.
And prompted fears of a slowdown, which may affect global growth, the dollar index to rise 0.2 percent to 79.659. The euro fell 0.2 percent to 1.3211 dollars, down from its highest level in a week's record of $ 1.3266 the day before yesterday. And accelerated movement of the dollar against the yen in European trade after a quiet Asian session because of a public holiday in the Japanese market. The dollar rose 0.4 percent to 83.73 yen in order to re move towards the highest level in 11 months of 84.187 yen, which struck last week. The Japanese currency has recorded a new low level in 4 months against the euro at 110.70 yen.
Gold prices fell yesterday strongly influenced by the dollar, which benefited a result of the growing positive outlook in the market about the U.S. economy to stop upward trend after three straight sessions of gains. The precious metal benefited from the market because of concern in the talks between the Government of Italy and the trade unions, on the reforms necessary to improve the conditions of the third-largest economy in the euro area, what was presented to the single currency and the effect of pressure on stocks. And declining spot price for gold of 0.6 percent to 1649.24 dollars an ounce, and was down about three percent since the beginning of the year. And lost ounce of silver in online transactions and 2.8 percent recorded 32.29 dollars, and platinum 0.7 percent and fell to 1662.50 dollars, and palladium 0.8 percent to 696.22 dollars.
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Wednesday, March 21, 2012
London - Reuters - The dollar rose against a basket of currencies yesterday, supported by safe-haven demand with the decline of risk appetite, while made strong gains against the Australian dollar amid fears that China's demand for raw materials may be slowing down. The Australian dollar fell 0.8 percent to 1.0528 dollars with the currency was under pressure after he saw the mining company «BHP Billiton» signs of slowing demand growth for iron ore in China, the largest market for Australian exports.
And prompted fears of a slowdown, which may affect global growth, the dollar index to rise 0.2 percent to 79.659. The euro fell 0.2 percent to 1.3211 dollars, down from its highest level in a week's record of $ 1.3266 the day before yesterday. And accelerated movement of the dollar against the yen in European trade after a quiet Asian session because of a public holiday in the Japanese market. The dollar rose 0.4 percent to 83.73 yen in order to re move towards the highest level in 11 months of 84.187 yen, which struck last week. The Japanese currency has recorded a new low level in 4 months against the euro at 110.70 yen.
Gold prices fell yesterday strongly influenced by the dollar, which benefited a result of the growing positive outlook in the market about the U.S. economy to stop upward trend after three straight sessions of gains. The precious metal benefited from the market because of concern in the talks between the Government of Italy and the trade unions, on the reforms necessary to improve the conditions of the third-largest economy in the euro area, what was presented to the single currency and the effect of pressure on stocks. And declining spot price for gold of 0.6 percent to 1649.24 dollars an ounce, and was down about three percent since the beginning of the year. And lost ounce of silver in online transactions and 2.8 percent recorded 32.29 dollars, and platinum 0.7 percent and fell to 1662.50 dollars, and palladium 0.8 percent to 696.22 dollars.
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