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Written by Barry Rosen at Fortucast
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Wednesday, 16 May 2012 12:07 |
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JUNE AUSTRALIAN DOLLAR FUTURE AND CASH
(5/15): Australia’s dollar traded close to its weakest level this year as Greece’s failure to form a new government spurred speculation it may leave the euro area, sapping demand for riskier assets, Bloomberg News reported. The so-called Aussie was near a four-month low against the yen as Asian stocks fell for a sixth-straight day, extending a global equities rout.
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Last Updated on Wednesday, 16 May 2012 06:08 |
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Written by Barry Rosen at Fortucast
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Wednesday, 16 May 2012 12:05 |
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CASH and JUNE CANADIAN DOLLAR
(5/15): Canada’s dollar fell against its U.S. counterpart after Greece political leaders indicated that talks had failed and elections will be held, boosting demand for refuge from Europe’s debt crisis, Bloomberg News reported. The currency, nicknamed the loonie for the image of the bird on the C$1 coin, strengthened against most of its 16 most- traded currencies as Canadian existing home sales rose 0.8 percent in April from the previous month, the Canadian Real Estate Association said in a statement. Canadian stocks and crude oil, the nation’s biggest export, declined.
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Last Updated on Wednesday, 16 May 2012 06:07 |
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Written by Barry Rosen at Fortucast
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Wednesday, 16 May 2012 12:04 |
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CASH and JUNE BRITISH POUND
(5/15): The pound strengthened to a 3 1/2- year high against the euro as Greek political party leaders meeting in Athens today failed to form a government, meaning new elections will be needed, Bloomberg News reported. Gilts snapped a two-day advance after growth in Germany helped the economy of the 17-nation currency bloc avoid joining Britain in a double-dip recession. Sterling weakened against the dollar as a U.K. report showed the trade deficit narrowed less in March than economists forecast.
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Last Updated on Wednesday, 16 May 2012 06:05 |
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Written by Barry Rosen at Fortucast
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Wednesday, 16 May 2012 12:02 |
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EURO CURRENCY CASH and JUNE FUTURES (electronic)
(5/15): The euro was less than 0.1 percent from the lowest level in almost four months after Greece’s political leaders failed to form a ruling coalition, deepening speculation the country will have to leave the currency bloc, Bloomberg News reported. Demand for the euro was damped before Greek leaders seek agreement on Wednesday on an interim government that will schedule new elections. Figures from the European Union’s statistics office yesterday showed gross domestic product in the region stagnated in the three months through March 31 after a 0.3 percent drop in the previous period.
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Last Updated on Wednesday, 16 May 2012 06:03 |
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Written by Barry Rosen at Fortucast
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Wednesday, 16 May 2012 12:00 |
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JUNE DOLLAR INDEX (electronic)
(5/15): The U.S. dollar traded 0.1 percent from its strongest this year versus its Australian peer as Asian stocks extended a global equity rout and ahead of the release of minutes from the Federal Reserve’s April meeting, Bloomberg News reported. Retail sales rose in April at the slowest pace of the year as Americans took a break from a shopping spree induced by unseasonably warm weather in prior months and an earlier Easter holiday. The 0.1 percent gain followed a 0.7 percent increase in March, Commerce Department figures showed today in Washington.
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Last Updated on Wednesday, 16 May 2012 06:02 |
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