Winners and Losers on Wednesday Trading Session - 13.6.2012

The biggest winner of Wednesday session until now against the greenback was the precious metal with returns of 0.60%. The Gold advanced against the US dollar as an inflation hedge on speculation that the FED is closer to another quantitative easing, because of falling U.S Retail Sales that indicate weaker demand. The Euro was slightly higher today against the US dollar on speculation that Greece will not exit the euro-zone and will only seek to improve the terms of the bailout agreement with the IMF and the EU.

The last two winners for today are the Swiss franc, producing gains of 0.21%, and the Japanese Yen, generating returns of 0.15%. The Aussie gained no ground, unable to continue yesterday’s advancement amid European debt concerns and uncertainty from Greek elections this weekend. Lastly, the Canadian dollar and the British pound have been trading in a range bound over the latest trading days showing negative returns today.