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Old 12-12-2012, 08:40
jimmysergill jimmysergill is offline
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Join Date: Oct 2012
Posts: 190
Default Market Outlook 12 DEC 2012

Currencies EUR/USD The dollar remained lower versus the euro after a two-day decline, with the Federal Reserve expected to announce today an expansion of asset purchases that tend to weaken the U.S. currency.The dollar was little changed at $1.3006 per euro as of 6:55 a.m. in London after falling 0.6 percent over the previous two days.

USD/JPY It gained as much as 0.3 percent to 82.74 yen before trading at 82.73 from 82.52 in New York. Europe’s shared currency added 0.3 percent to 107.60 yen after rising 0.7 percent yesterday, the biggest one-day gain since Nov. 21.

AUD/USD Australia’s dollar rose to a more than two-month high on prospects that further monetary easing by the U.S. central bank will debase the greenback.Australia’s dollar touched $1.0541, the highest since Sept. 17, before trading at $1.0524 as of 2:56 p.m. in Sydney, little changed from yesterday’s close. The Aussie rose 0.2 percent to 87 yen after reaching 87.04, the strongest since March 28.

NZD/USD New Zealand’s dollar, known as the kiwi, was little changed at 83.90 U.S. cents. It touched 83.98 U.S. cents, matching yesterday’s high, the strongest since March 2. New Zealand’s currency added 0.1 percent to 69.36 yen, after reaching 69.38, the strongest since October 2009.
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