U.S. dollar higher before the FED's data release
The U.S. dollar traded at its highest level, to one-week highs, against its main counterparts, amid the investors and the traders waiting for the Federal Reserve's policy meeting minutes outcome.
The U.S. dollar index traded to 101.64 rising 0.19%, thus reaching its strongest zone since Feb 15. The EUR/USD approached the 1.0502 level declining 0.33%.
The EUR/GBP traded to 0.8406 dropping 0.5%, the GBP/USD to 1.2488 rising 0.16%, and the USD/JPY to 113.34 falling 0.29%.
Gold trades lower during the EU session
The precious metal, gold, traded lower today, as the majority of the speculators are looking ahead to the FED's meeting minutes release.
Gold futures traded to $1,235.35 a troy ounce shedding 0.3% or $3.65, and spot gold to $1,234.65 per ounce 0.1% weaker.
Silver futures approached $17.96 a troy ounce dipping 0.2% or 3.3 cents, palladium to $779.92 an ounce rising 0.2%, platinum to $1,004.50 falling 0.2%, and copper futures to $2.274 a pound depreciating 0.8% or 2.2 cents.
Risk Warning: Forex and CFDs are leveraged products and, therefore, carry a high level of risk. Your losses may exceed your investment. Kindly ensure that you understand the risks involved and seek further advice if necessary.
Risk Warning:CFDs are complex leveraged products and involve a high level of risk. 63% of retail investor accounts lose money when trading CFDs with this provider. You should ensure that you understand the risks involved and that you can afford the possible risk of losing all your money. Seek independent advice if necessary.