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UFXMarkets -Daily Gold & Forex Trading News-20-December-2011_(360p)

7 years ago9 views

For more Forex news & info, please visit The US Dollar traded mixed against most major currencies amidst concern that European officials are failing to make progress in taming the debt crisis. Europe announced that it has bolstered its anti crisis arsenal, channeling 150 Billion Euros into the International Monetary Fund. In addition, North Korea announced that the nation's leader, Kim Jong II, has died presenting a potential crisis for President Barack Obama, complicating US efforts to press the regime to abandon its nuclear arsenal. Wall Street closed negative as the Dow Jones declined by 0.84% and the Nasdaq fell by 1.26%. Crude oil rose by 0.40%, closing at $94.20 a barrel. Oil rose on concern that geopolitical tensions will increase as the son of Kim Jong II took power in North Korea, while the US and its allies prepared to discuss stronger measures against Iran. Gold fell, as the Dollar strengthened against the Euro,

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