Tuesday, January 12, 2010

Dollar ends mix across the board

FXstreet.com (Córdoba) – Greenback posted mix results on Tuesday across the board. The Dollar fell against the Pound and the Yen but rose against commodities-currencies, the Swiss Franc and the Euro. The Yen was the best performer among majors.

The Japanese currency rose across the board on the day that the central bank of China announced an increase of 0.50% on reserves requirement for commercial banks. The Yen rose across the board and reach a 3-week high against the Dollar after USD/JPY tumbled to 90.70.

Currencies tied to commodities were affected by the decline in stocks and materials. CAD, NZD and AUD fell against the Dollar. The worst performer was the Australian Dollar that was also affected by a big decline in gold prices.

The Pound posted moderate gains against the Dollar and the Euro. GBP/USD failed to break above 1.6200 but the pair had the highest daily close since December 18.

AUD/USD (Jan 13 at 05:09 GMT)

0.9231/33 (0.35%)

H 0.9239 L 0.9185

[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

1 comment:

  1. Thanks for this detailed yet simple article. I've been spending a lot of time on the net recently trying to dig up info, understand and piece together everything but still there were questions left unanswered. QMobile Noir A650 Price in Pakistan