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Kiwi dollar pares losses vs majors |
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Kiwi dollar that slipped against its U.S., European and Japanese counterparts in early Wednesday Asian trading recouped its losses in the latter part of the session as most Asian stocks rose today.
On the other hand, the NZ dollar eased from a 1-week high against the Aussie.
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The New Zealand dollar is currently trading near yesterday's close of 0.7209 against the US currency and 65.14 against the yen, compared to early Asian session lows of 0.7172 and 64.68, respectively.
If the kiwi advances further, it may target 65.9 against the yen and 0.727 against the greenback.
The Bank of Japan said Wednesday that the monetary base in Japan was up 4.4 percent on year in October, coming in at 92.86 trillion yen. That follows the 4.5 percent annual increase in September.
The New Zealand dollar gained against the euro after touching a low of 2.0528 on Tuesday. At present, the euro-kiwi pair is worth 2.0450, compared to Tuesday’s close of 2.0442. The next upside target level for the NZ currency is seen at 2.015.
The New Zealand dollar jumped to a 1-week high of 1.2427 against the Aussie Tuesday. Thereafter, the kiwi fell and the pair is presently trading near Tuesday’s New York session close of 1.2538. On the downside, 1.2615 is seen as the next target level for the kiwi.
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Dollar investors bring down gold, silver prices |
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Gold slipped again for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week's finish as commodities fell, government bonds rose, and world stock markets dropped. Gold priced in the British Pound Sterling hit a new all- |
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High gold price threatens Indian marriage culture |
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Gold’s auspicious significance within Indian culture will continue to ensure it plays an important role in weddings there, even as India modernizes. But the threat is that the gold price has become much more driven by speculative investment in the pa |
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Gold, silver traders book profit as prices fall |
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Against this changing set of background conditions, New York spot gold bullion opened with an $8 loss, quoted at $1136.70 per ounce. Trade talk indicates a possible dip to the $1100 area prior to a possible renewed assault on the other side of the $1 |
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Crude oil futures continued to trade down in mid London trade Friday as the US dollar strengthened against the major currencies apart from a dip in the global equities. |
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Gold futures fell in negative zone as dollar gathered some strength in mid London trades. Dollar typically strengthens when there are less data releases from US. |
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MCX Comdex was up by 2.35% to 2694.17. MCX Energy was down by 0.22% to 2651.55, MCX Metal was up by 3.70% to 3226.02 and MCX Agri was up by 4.84% to 2255.10. |
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