The AUD/USD pair recovered after bottoming around the 0.7600 figure on Wednesday, ending the day around 0.7650. Absent demand for the American currency and higher metal prices backed the aussie. Gold prices jumped to their highest since March 1. Spot gold traded as high as $ 1,758.61 a troy ounce, ending the day a couple of bucks below the level. As per stocks, European and American indexes posted modest advances but remained within familiar levels, falling to boost demand for commodity-linked currencies. The Australian macroeconomic calendar was empty on Thursday, but the country will publish the March AIG … (full story)
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