The euro and high-beta currencies like the Australian dollar started trading on Monday with a spring in their step, following a rally late last week in part on the back of diminishing worries about China's economic health.
A successful bond sale by Italy and strong earnings results from JPMorgan, despite its $4.4 billion trading loss, further helped shore up sentiment.
The more positive market mood saw high-beta currencies outperform their G3 peers. The Australian dollar popped above $1.0200, gaining more than a full cent on Friday. It last traded at $1.0237, well off last week's low of $1.0100.
The euro also held firm, trading at $1.2250 versus $1.2241 late on Friday in New York, pulling further away from a two-year trough around $1.2162 plumbed last week. Against the yen, the single currency edged up to 97.80, off a six-week low of 96.43.
Markets are expected to be subdued with Japan closed for a public holiday on Monday. Investors are also anxiously waiting to see if Federal Reserve Chairman Ben Bernanke will signal more monetary policy easing this week.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.