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Indication of higher demand for commodities gives investors further hope that the recovery is in full swing. This is prompting investors to buy higher risk currencies, allowing the Euro to gain on the USD.
The dollar trades heavy during Asia on reports that China is not ready to allow the CNY to strengthen just yet. EUR/USD [...]

Japanese GDP Growth Accelerates
The USD begins another week on the back foot as momentum from Friday’s post-U.Mich sell-off continues and Asian equities have started the session off with strong gains. The buoyant sentiment across Asian markets has been fuelled by Japan’s Q3 GDP figures which revealed the economy grew by an annualized pace of 4.8%, [...]

Appetite for gold buying remained high as the dollar continued to decline in Asian trade. Further dollar weakness sees gold extend its run up to fresh highs, hitting highs in 7 of the last 10 sessions. Silver mean while hit a 4 week high, and it should be noted that platinum has hit 14 month [...]

Continued weakness in the Dollar pushed oil higher, regaining most of last weeks’ losses. The Dollar lost nearly 0.5% against a basket of leading currencies on Monday, and focus will remain on the currency as Obama continues to meet dignitaries in Asia.
OPEC President said that they are facing uncertainty in the oil market, and it [...]