Press Release / Computer / Dollar in demand, gold dives to 5-year low as on 20 July , 2015

Dollar in demand, gold dives to 5-year low as on 20 July , 2015

The US dollar held broad giant in Asia on this Monday as investors looked next to higher interest rates from the Federal Reserve, while gold sink to five-year lows as a lack of global inflation left little to hedge opposed. The costly metal XAU= ran into a wave of selling in Asia that herd it low positions 3.9 %  to USD 1,089.80 an ounce, having before hurt its worst weekly performance since March last week. Life was light another with Japan on holiday and a lack of major data in the diary, leading to a careful start for stocks. Australia’s main index .AXJO was a fragment pulpy, while MSCI’s wide index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was all but flat. There was better news from China where home prices rose for a second month in a row in June, propose government efforts to improve the fight property sector have started to giant traction. China stocks seem to have drag out of their latest nosedive amid a barrage of quality from regulators and buying by brokerages and mutual funds. The CSI300 index of the biggest listed companies in Shanghai and Shenzhen rose 0.1 per -cents, while the Shanghai compound Index eased 0.2 %. Greek banks are set to reopen on Monday after a three-week shutdown, while German Chancellor Angela Merkel said for swift aid talks so Athens could also lift withdrawal limits. With Greece fading from the notice, markets focused on the relative outperformance of the US economy and nudged the euro near to its lowest in seven weeks at USD 1.0826. A break of the May trough around USD 1.0818/19 would likely hearten bears to head for the April lows at USD 1.0521. "For now, with a deal on the cards and Greece currently adhering to creditors’ needs, it appears markets can move on and focal on other things,