Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
CNBC: Forex & Commodities
 
Euro Under Pressure, Eye on US GDP

The euro remained under pressure Friday with worries over Greece's economy intensifying.

The currency slipped to a nine-month low against the yen and a six-month low against the dollar.

The main focus will be on U.S. GDP numbers due Friday, with economists expecting an annualized growth of 4.6% in the fourth quarter, double from the quarter before.

The dollar index received a slight boost ahead of that to touch a five-month high at one point.

Meantime, traders digested data from Japan showing a fall in December CPI. This was the tenth straight month of annual declines, as weak consumer demand kept the country stuck in deflation.

Meantime, the higher-yielding Australian and New Zealand dollars both slipped, with both currencies briefly hitting their lowest in a month against the greenback.

In the energy markets, oil prices recovered from a decline in the previous session. NYMEX crude traded around $73.80 a barrel.

Gold prices inched lower to $1,083/oz hurt by the rising dollar and waning risk appetite among investors.

Source