USD/JPY falls on Spanish woes

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Source: Forexpros

The Greenback edged lower versus the Japanese Yen on Tuesday, since investors were cautious about rising borrowing costs for Spain and looking for safe havens. USD/JPY hit the bottom at 78.93, and later consolidated at 78.96, losing 0.19% during the early European trading session. The pair's support could be at 78.60, while resistance was likely to be found at 79.50.

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Tue, 19 Jun 2012 10:11:57 GMT

Gold almost hit 2-week high on Spanish yields

Gold futures were rising for the eighth day in a row in the European morning trade on Tuesday, as markets were focused on rising Spanish yields and upcoming Federal Reserve policy meeting. On the NYMEX, contracts for August delivery of gold were traded at USD1,632.95 per troy once, adding 0.37% in early European trade. Earlier gold stopped 10 cents lower than USD1,634.35, a 2-week high.

Tue, 19 Jun 2012 10:44:57 GMT

The Australian dollar holds steady versus the U.S. Dollar as investors focus on Spain

On Tuesday, the Australian Dollar held steady versus the Greenback, as traders were focused on soaring borrowing costs for Spain ahead of the sale of its government debt later this day. AUD/USD reached a session low at 1.0105 in the late Asian trading hours, and later the pair consolidated at 1.0124, which was a slight 0.02% decrease for that trading session.

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