Japan Monetary Base (YoY) up to 31.6% in May from 23.1%
Jun 4, 2013
Commodities Brief: Precious metals finish higher as USD slides
The precious metals markets have started the week on a positive note, with the gold and silver bulls seeming to find confidence as the greenback traded lower across the board (DXY closed down 0.80% at 82.68) on weaker than expected ISM data released during the New York session.
The Kiwi finished the day sharply higher, retracing all of last Friday’s losses and finishing up 130 pips at 0.8098. Economic data out of NZD will be light in the coming session, but market participants should be aware of the RBA rate decision due out at 4:30GMT which may influence the pair.