Despite the U.S. positive data, the Greenback fell yesterday vs. a basket of major currencies, negatively affected by FOMC decision.
Gold prices hit $1,230 yesterday, thanks to the FOMC rate decision. However, the yellow metal pared its gains and settled at $1,225 after Dutch voters gave victory to pro-European parties including PM Mark Rutte's Liberals.
Euro was widely affected by Dutch elections after Dutch Prime Minister Mark Rutte's Liberals beat off an election challenge by anti-EU Party for Freedom of Geert Wilders. The common currency settled at $1.0760 and could settle at $1.07 by today.
The British pound boosted yesterday after Kristin Forbes, an external member of the central bank’s Monetary Policy Committee, voted to raise rates. Cable could trade above $1.2350 during the day; however, it could face pressures after Queen Elizabeth authorized British PM to trigger Article 50.
Oil prices failed to maintain its gains as the U.S. inventories remain high. U.S. crude settled at $49 and could decline during the day; however, it could face support at $48.50.
The most important economic events:
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