FOREXYARD: Forex News Blog |  |
| Posted: 13 Aug 2012 01:49 AM PDT The euro saw mild gains against the US dollar in overnight trading, as investors remain hesitant to go overly bearish against the common currency ahead of possible ECB action next month to lower borrowing costs in Spain and Italy. Gold advanced more than $4 an ounce last night, reaching as high as $1624.91 before staging a slight downward correction. The precious metal is currently trading just above the $1623 level. Main News for Today With no major news releases scheduled to be released today, traders will want to continue monitoring developments in the euro-zone with regards to possible action by the ECB to lower Spanish and Italian borrowing costs. Any positive developments could result in significant euro gains. Read more forex news on our forex blog       |
| Posted: 10 Aug 2012 01:51 AM PDT The euro took extended yesterday's losses against the US dollar and Japanese yen in overnight trading, following disappointing German economic data yesterday and the ECB's continued inaction to lower borrowing costs in Italy and Spain. Weak euro-zone growth prospects also continued to weigh down on the price of gold, which has fallen close to $10 an ounce since last night and is currently trading just below the $1608 level. Main News for Today UK PPI Input- 08:30 GMT Canadian Employment Change- 12:30 GMT     |
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