Aussie gains on Fed

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Source: Forexpros
On Thursday, the Australian Dollar edged higher versus the U.S. counterpart, reaching a 1-week high, after Fed's announcement that it would not remove its monetary policy despite the improving economy. AUD/USD hit a session high of 1.0385, and later consolidated at 1.0387, which was a 0.42% gain for the European morning trading hours.
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Thu, 25 Oct 2012 14:05:47 GMT

Palladium was steady after FOMC statement

Precious metals apart from silver moved lower on Wednesday, pressurized by broadly stronger US Dollar. Speaking before German parliament, Mario Draghi warned that the eurozone may face deflation risks. Precious metals, being a traditional inflation hedge, dropped on the ECB president's comments. Meanwhile, the Fed pledged to stick to its loose monetary policy.Gold extended previous losses on strength in greenback

Thu, 25 Oct 2012 13:54:54 GMT

German bunds decline on upcoming money-supply report

On Thursday, Germany's government bonds were lower, ending a 3-day long streak of gains, as trader sentiment was determined by an upcoming report on money supply, which is widely expected to show growth of Euro supply in September. The yield on 10-year government bonds added 3 basis points to 1.59% by 8:13 .m. in London.

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