Wednesday, January 13, 2010

Greenback Slides Ahead of FOMC by Korman Tam

The euro bounced off its lows against the dollar around the 1.46-figure, to recover near the 1.4650-mark while the sterling rebounded above the 1.63-level at the start of the week. Economic data will remain in focus in the coming week with key reports due out from the US, Eurozone, UK, Canada and Japan. The major global equity bourses were marginally higher on the session, while spot gold edged up slightly from its one-month lows near $1,125 per ounce and crude oil slipped beneath the $70-per barrel mark.

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