US jobs re­port and BoE rate cut in the news

Financial Mirror (Cyprus) - - FRONT PAGE -

as news of a resur­gent US econ­omy spread. Gold dropped be­low its key $1,350 per ounce level by as much as $25, down $15 for the week. It is now trad­ing at $1,335 per ounce. More im­por­tantly, the US dol­lar gained trac­tion as news of a strong US econ­omy brought the dol­lar bulls out to play. The US dol­lar index is now at 96.24 for a gain of 0.05% on the day. The USD/GBP gained 0.3147% and is now 0.765, while the USD/EUR gained 0.4007% and is now at 0.902, inch­ing to­wards par­ity.

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