Today Bullion Updates : Gold contributed to overnight gains and looked set to snap a 6-week losing streak as a slump in the dollar buoyed the metal above 2010 lows ahead of the key United States nonfarm payrolls data later in the session.
The ECB cut its deposit rate deeper into negative territory and extended its asset buys by six months - widely anticipated moves that few investors considered the bare minimum after the bank had for weeks stoked hopes of stimulus moves.
The euro tumbled more than 3 per-cent in against with the dollar after the policy declare & bond yields surged. Investors who gets disappointed had anticipated a 25-% increase in monthly asset buys, with some even pricing in a bolder deposit rate cut than the move to -0.3 percent from -0.2 per-cent.
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