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Forex

Diverse US fundamentals supported the demand growth for the high-risk currencies

March 13, 2010, Saturday, 17:37 GMT | 12:37 EST | 23:07 IST | 01:37 SGT
Contributed by Forex-Metal

By Forex-Metal

 

Euro: On Thursday we saw the demand growth for the high-risk currencies. Some reduced pressure from the problems in Greece resulted in the euro strengthening.
And the EUR/USD pair managed to reach its maximums in the range of $1.3690.

 

US Dollar: Diverse US fundamentals were published on Thursday. The number of the initial jobless claims decreased in comparison with the previous value: its factual level of 462 thousand against the previous level of 469 thousand. At the same time, the unexpected reduction of the US export and import had a negative impact on the American dollar.


British Pound: According to the released report of the Bank of England, the yearly inflation growth for 2.5% in Great Britain is expected. As a result, the sterling reacted with an increase against its competitors.
And the GBP/USD pair set its maximum at the level of $1,5060.

 

Japanese Yen: The USD/JPY pair traded in the range of Y90.20-Y90.70.

 

New-Zealand Dollar: The Reserve bank of the New Zealand left the principal rate unchanged at the previous level of 2.5%, which was published on Wednesday. The New-Zealand dollar reacted with a decrease against the American dollar.

 

Swiss Frank: The National bank of Switzerland left the principal rate at the level of 0.25%, and the Swiss frank dropped against the euro.

 

Oil: The oil rate grew a little and traded in the range of $81.85 per barrel.

 

Gold: The gold prices also grew and consolidated in the range of $81.84 per ounce.