Forex update, US dollar up against Euro as Gold slides
- Middle East: Sunday, March 03 - 2013 at 09:55
Following the US Dollar surge at the end of last week on the back of better than expected PMI and risk aversion from the anticipated spending cuts, the greenback will perform strongly this week. This contrasts to high unemployment and low inflation data coming out of the EU pushing the Euro lower, while the UK feels the effect of negative data. Gold is also continuing its downward slide.
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