The JPY moved in a consolidated manner versus the USD on Wednesday. This as Asian bourses mirrored their counterparts and struggled following the lackluster data from the States. The AUD traded in range also yesterday and it did this as commodity prices continued to move in a consolidated manner. Gold finds itself around 1168.00 USD per ounce, which is near the weaker side of its range. Many traders are watching Gold carefully using it as a barometer of risk appetite. As the EUR has done better the past few weeks, Gold has struggled.
Written by bforex.com
