Switzerland Q3 SECO Consumer Climate drops

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Source: FXstreet.com
SECO Consumer Climate declined to -17points in third quarter, after a -8 point reading in the previous quarter, as reported by the State Secretariat for Economic Affairs on Wednesday. The drop had negatively outperformed analysts expectations of indicator improvement to -4 points.
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Wed, 08 Aug 2012 07:35:12 GMT

Gold drops on strengthening Dollar

Gold declined after a three-day rally as its rise to a week high boosted sales and as the U.S. Dollar's strength weakened demand for the metal as an alternative investment. On Wednesday, spot gold fell 0.2% to $1,609.15 per ounce, after rising to $1,618.40 yesterday, the strongest since August 1. Bullion for December delivery dropped 0.1% to $1,610.70 per ounce.

Wed, 08 Aug 2012 13:55:12 GMT

Greenback turned lower on Eurozone's hopes

On Tuesday, August 7, the greenback remained lower versus the Euro and other major currencies amid hopes that the ECB will soon make decisive actions to stem the debt crisis in the Eurozone. In order to lower Italian and Spanish borrowing costs, the ECB may soon resume bond-buying program.  The shared currency strengthened against the greenback during today's New York trading session, with EUR/USD adding 

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