For a Friday, markets are hinting towards the dollar and yen’s downward movement while more investors are betting on the upside move for the Euro, Aussie and Kiwi. What could have been the catalyst for the Comm dolls (Aussie & kiwi) moving upwards? The answer to that is – China’s strong data coming from its government indicating initiatives in the financial sector proven by the increased amount of lending or loans. Isn’t it bizarre how local Australian data such as its labor market report in march didn’t influence it as much as the Chinese data.
Read More: Gold Forecast 12th April 2013 | Liquid Markets Blog