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To: Goose94 who wrote (16372)3/10/2016 10:15:02 AM
From: Goose94Read Replies (1) | Respond to of 203541
 
Big Reversal In Currency Markets Benefits Gold

The Euro currency dropped sharply and the U.S. dollar index posted a strong rally in the wake of the announcement of fresh monetary policy easing moves from the European Central bank. Gold, in turn, saw prices drop quickly to the session low. However, when ECB president Mario Draghi began his press conference and sounded a less-dovish tone on ECB monetary policy, the Euro currency and the dollar index quickly reversed their price moves. The dollar index is now down on the day, while the Euro currency is trading higher.