USD/EUR loses momentum and breaks 1.0800
The rising bets for a Fed rate hike of 50 bps continued to act as a headwind against gold.
USD/EUR is 0.6% higher in a corrective phase.
The Australian Dollar rallies and stages a recovery.
NZD/USD bulls rise to the surface and US dollar plummets.
On Wednesday, the USD/CHF lost 0.34% due to weakness in the US dollar.
USD/CAD bulls are moving in at an attractive discount to target a correction.
USD/GBP saw a positive intraday rebound from below-1.3000 levels on Tuesday.
The Gold Price is unsure of its future amid market volatility and a widening US dollar retreat.
Hirokazu Mattsuno, Chief Cabinet Secretary, said that the government is closely monitoring FX movements and their potential impact on Japan's economy.
Silver failed to gain any significant traction on Tuesday and fluctuated within a range.
GBP/JPY saw strong follow-through on Tuesday, and rose to a new multi-year high.
As the market mood turns sour, the AUD/USD fell to a halt during the North American session. US equity are losing money, but US Treasury yields at the short end of the curve are rising faster than long-dated maturities.
Three days of losses are overturned by the GBP/JPY, which jumped off Thursday's losses.
US equity markets were in danger of posting a third consecutive day of losses on Friday due to strong US labour market data, and an inflationary ISM Manufacturing report.
GBP/USD fell on Friday as the US dollar strengthened against most of its G10 counterparts after a strong March labour market report.
Gold falls for the third consecutive day despite a positive market mood and rising US yields.
US equity prices are slightly lower across the board Wednesday as investors profit from the recent strong run higher.
• The share currency bulls failed at the 136.00 mark.
Late New York's gold rush is underway and the DXY is under pressure.
What do you need to know Thursday, March 31, 2011:
• The rebound in the gold price is accompanied by an increase in US Treasury yields.
A combination a number of factors drove USD/JPY lower on Wednesday for the second consecutive day.
USD/EUR has fallen from multi-week highs of 1.1160s, but is still well supported in the area of 1.1140.
While the USD/CHF has erased losses, it faces strong resistance which could push it lower.
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