Currency Market Updates

10th Federal Reserve Open Market Committee Minutes Released

The highlight overnight was the release of the minutes from the August 10th Federal Reserve Open Market Committee meeting. Some Federal Reserve officials were concerned that a decision to keep securities holdings unchanged would inadvertently signal an intention to resume large-scale asset purchases.

Gold Market Shines As Dow, S&P And Nasdaq Fall

Gold has edged higher this week to current levels of 1236 per ounce while the Dow is down 2.23% on the week and just over 6% on the month. The S&P 500 and Nasdaq have followed suit heading into the end of the month 6.7% and 6% down on the month.

Currency Market Updates: Dollar Falls Again

The Dollar fell further against the Yen and nearly touched the 15 year low we saw earlier on this week as investors continue to remain apprehensive about the pace of the US economic recovery.

Currency Market Updates: $1.7trillion Lost Stock Value

Global stock arkets look set to end the week well in the red. Across the globe indicies are about 4% down on the week wiping a whopping USD $1.7trillion off global stock values in the past 4 days.

Currency Market News: Fed Statement Boosts USD

The Dollar strengthened overnight after the Fed took steps to try and bolster the fragile US economy, saying they will maintain their holdings of securities to stop money from draining out of the financial system.

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