USD gains on strong risk aversion, Gold reaches $1674

Article Image Source: Advanced Currency Markets |

G10 Advancers and Decliners vs USD
JPY 0.02
GBP -0.18
EUR -0.28
CHF -0.34
Risk aversion dominated markets strongly from yesterday after US consumer spending data showed a drop of 0.2% to lowest since November 2010 adding to concerns that domestic demand is currently not providing support to the economy. We have the ADP employment data, ISM services data due today and Friday’s Non-farm Payroll data which could cause jitters in the market as business confidence and…

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