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Sep 6, 2013
AUD/CAD retracing below 0.96 ahead of Aussie elections
The AUD/CAD foreign exchange cross rate is last quoted at bids 0.9583 ahead of tomorrow's Australian elections, down -0.33% since previous Asia-Pacific open yesterday, but still a +2.26% higher for the week, retracing from Wednesday's fresh 7-week highs at 0.9644.
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Sep 6, 2013
Reminiscences of golden glories shadowed by today’s results
Metals register mixed results ahead of Tokyo’s opening. Two years ago, gold printed all-time records after reaching $1,921.15/oz. Commemorating such records, Bloomberg surveyed top analysts to get an assessment on the potential direction of the metal. With even outlooks amid the potential attach to Syria but also the not so improbable Fed’s decision to taper the bond-buying program in the United States, uncertainty is reflected on the futures high volatility this past week.
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