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Dollar devalues against major rivals

U.S. dollar weakens against counterparts

The dollar dropped versus its major counterparts, following the FED's decision to increase rates since December the 15th.

U.S. dollar lower to the euro and sterling

The EUR/USD traded to 1.0444, gaining 0.29%. The GBP/USD reached the 1.2433 zone, climbing 0.15%. The USD/JPY stabilized at 118.16, and the U.S. dollar index traded at 102.97, declining 0.17%.

Gold trades higher in Asia

Gold traded higher during the Asian trading session, amid the appetite for riskier investments growing the most.

The precious metal, in the New York Mercantile Exchange on the Comex division, traded to $1,132.95 a troy ounce, rising 0.28%.

The silver futures traded at $16.080 a troy ounce, rising 0.76%, and copper to $2.601 a pound, appreciating 0.15%.

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Friday, 16 Dec, 2016 / 8:54

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/dollar-devalues-against-major-rivals

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