The #dollar index .DXY, which measures the U.S. #currency against a basket of six major rivals, rose to 86.293 on Thursday, its highest level since October 6, in the wake of the Feds #announcement. The #euro touched a 3-1/2 week low of $1.2586 and last #traded at $1.2605, down 0.2 percent on the day. The New Zealand dollar, meanwhile, fell sharply after that countrys central bank sounded a bit more dovish following a widely expected decision to leave interest rates unchanged. The #kiwi, already under pressure against a firmer U.S. dollar, fell to around $0.7770 from around $0.7820 before the announcement. It last traded at $0.7794. #Gold fell to a three-week low on Thursday after the U.S. #FederalReserve ended its bond-buying stimulus programme and expressed confidence in the #economic recovery, dimming bullions safe-haven appeal. #SpotGold fell to $1,205.35 an ounce on Thursday - it’s lowest since Oct. 8 - before recovering slightly to trade down 0.4 percent at $1,206.88 by 0631 GMT. The metal, which hit a 15-month low of $1,183.46 earlier this month, fell 1.3 percent on Wednesday. U.S. #gold #futures fell as much as 1.6 percent to$1,205.20. Read More: https://olofx/posts/dailyfundamentalanalysis/2014/10/30 #forex #trading #fundamental
Posted on: Thu, 30 Oct 2014 08:02:44 +0000
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