The US dollar produced mixed results versus a basket of currencies as the FOMC upgraded assessments of the US labour market. The FOMC forecasted moderate economic growth in the long term, improved from modest expectations previously. The Federal Banl also recognized that strains in global financial markets have eased. Even though the 2014 low rate prediction was affirmed, no further quantitative easing hints were made. Against the Japanese yen, the greenback rose to 82.95 from 82.36. Versus the Swiss franc, the US dollar advanced to 0.9236 from 0.9154. Federal Reserve Chairman Bernanke will be talking about community banking at a convention, one day after FOMC statement and investors will closely monitor this for any hint of future policy.
Oil prices rose to 106.50 from 106.26 dollars a barrel. Gold dived to 1675.90 from 1699.99 US dollars an ounce. Against the euro, gold dropped to 1279.34 from 1293.31 an ounce. Silver dropped to 33.3490 from 33.6443 dollars an ounce.
|EURUSD||1.3100||SHORT @ 1.3090||60% of deals buy EUR|
|USDJPY||82.60||LONG @ 82.60||69% of deals buy USD|
|GBPUSD||1.5710||SHORT @ 1.5700||58% of deals buy GBP|
|AUDUSD||1.0565||SHORT @ 1.0565||55% of deals buy AUD|
|GOLD||1685||SHORT @ 1685||78% of deals buy GOLD|
|OIL||107.35||SHORT @ 107.35||43% of deals buy OIL|
|GBP||09:30||Claimant Count for February||6 k|
|EUR||10:00||Inflation, ex- food and energy, m/m for February||0.4%|
|USD||14:30||Crude Oil Inventories||2.2 mil|
|FTSE 100||1.07%||S&P 500||1.81%||NIKKEI||1.53%|