Forex: Commodity pairs and gold are appreciating against USD

Thu, Mar 19 2009, 17:45 GMThttp://www.fxstreet.com Forex: Commodity pairs and gold are appreciating against USDFITITOL-->FXstreet.com (Barcelona) - Gold is rising after Fed's announcement of leaving its interest rate unchanged, buying Treasuries and increasing the MBS program to 1.25 Trillion Dollars. It should benefit most other assets, boosting risk sentiment. In this way, commodity pair has posted big increases against Dollars.AUD/USD has risen around 350 pips from the 0.6589, before FOMC statement to reachs the 0.6945, fresh nine weeks high. Currently, the pair is trading in a pullback movement below 0.6900 level, around 1.6885/95. NZD/USD has climbed above the 0.5600 from the 0.5277 just after Fed's announcement. The NZD has risen more than 330 pips in the last two days. Currently, the pair is trading around the 0.5575/95 band.Gold has risen from 892.10 after FOMC release to 962.62, fresh two weeks high. Currently, XAU/USD is trading around 968.15/25.USD/CAD has falling around 530 pips from the 1.2727 after FOMC statement to reach the 1.2186, fresh five weeks high. On the way, WTI Spot crude oil has risen to 51.28 by barrel.