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10.08.10
USD and Yen strengthen
on speculation of
slower economic recovery
Strong Chinese export and
import figures for July
Oil stable on 80 - 81.
Gold stays on 1200
11.08.10
US Federal Reserve
confirms economic slowdown.
New fears for double dip
recession hit markets
Oil below USD 80.
Yen reaches new highs
12.08.10
EURO falls 2 %
towards USD
Oil prices fall on
weaker US growth
New turmoil and
market uncertainties
13.08.10
Yen looses from
15 years high
Export concerns
lead to strong
political pressure
Gold climbs as
market volatility
increases
16.08.10
China overtakes Japan
as second biggest
world economy
Euro slightly up
against USD - 1.28.
Gold continues to
climb reaches 1220
17.08.10
China reduces US-
treasury exposure
Leads to weaker USD:
Euro and Yen strengthened
Gold back as "safe" haven
reaches USD 1223
18.08.10
YEN continues to
demonstrate strength
USD strengthened
towards EURO and GBP
Gold at six weeks high.
Oil at $ 75 - 76 level
19.08.10
Concerns on European slow
down weakens EURO
Speculation on Central Bank
intervention for weaker YEN
Gold stays on 1225
Oil stabilizes on USD 75 - 76
20.08.10
Uncertainties continue to
dominate currency markets
Commodities hit by
slowing economy
Gold seen as safe
haven reaches $ 1232