For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The Dollar weakened against the other major currencies after the Federal Reserve extended its pledge to hold its target for the federal funds rate low until late 2014. In addition, interest rate remained unchanged at 0.25% supporting a weaker Dollar as well. Wall Street closed positive as S&P increased by 0.87% and Dow Jones by 0.66%. Crude oil increased by 0.50% to close at 99.40$ a barrel, Gold (XAU) rose by 2.20% , reaching its highest price this month to close at 1700.1$ an ounce. Today, Initial Jobless Claims are expected to rise from 352K to 371K, Core Durable Goods Orders from 0.3% to 0.9%, and New Home Sales to increase from 315K to 321K.
