Dollar continue rising on Bernanke remarks

Source: Forexpros

USD pushed higher versus other main currencies on Thursday, as the Chairman of the Federal Reserve claimed that Fed is ready to implement economic stimulus measures. EUR/USD hit 1.2560, tumbling 0.17% since the beginning of the U.S. morning trading session; an cable gained 0.37%, consolidating at 1.5553. However, USD grew against JPY, hitting 79.47, and increased versus CHF, reaching 0.9561.


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Fri, 08 Jun 2012 06:07:28 GMT

Japanese current account surplus faded in April

Japan reported smaller than predicted current account surplus in April, reflecting the negative effect from weakening global demand which is weighing on exports. The nation's current account excess narrowed to 333.8 bn Yen. Economists questioned by Bloomberg expected a drop only to 440.8 bn Yen. 

Thu, 07 Jun 2012 21:01:29 GMT

Gold and silver edged lower in electronic trade

Gold futures fell during electronic trading this Thursday after Ben Bernanke's, U.S. Federal Reserve Chairman, testimony to the Congress. Gold prices for August delivery tumbled $12.10, a 0.7 per cent decrease, to $1,622.10 an ounce in trading session of the New York Mercantile Exchange's Comex division. Silver futures for July delivery slipped 29 cents, a 1 per cent decline, to $29.20 an ounce.

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