Daily Overview EUR/USD (Bloomberg) The greenback fell 0.2 percent to 98.42 yen and was little changed at 1.3564 versus the euro. The dollar weakened against higher-yielding currencies as speculation Senate leaders will reach a deal on raising the nations debt limit to avert a default reduced demand for refuge assets. AUD/USD (Bloomberg) Australiaundefineds dollar gained 0.5 percent to 95.33 U.S. cents at 5:23 p.m. in Sydney from yesterday, and touched the highest since June 19 at 95.39. It advanced 0.1 percent to NZ$1.1362. New Zealand’s currency added 0.4 percent to 83.91 U.S. cents. The yield on Australia’s benchmark 10-year (GACGB10) government bond rose eight basis points, or 0.08 percentage point, to 4.2 percent, after touching 4.212 percent, the most since March last year. The three-year yield reached 3.16 percent, a level unseen since March. Gold (Bloomberg) Bullion for immediate delivery lost as much as 0.5 percent to $1,266.40 an ounce and gained 0.3 percent, before trading at $1,269.65 at 2:25 p.m. in Singapore. Prices fell to $1,260.61 on Oct. 11, the lowest since July 11, on expectations that a deal would be reached. Gold for December delivery dropped 0.5 percent to $1,269.90 on the Comex in New York. Senate Majority Leader Harry Reid said yesterday that hes very optimistic an agreement can be reached this week. Leaders are working to suspend the debt ceiling through Feb. SILVER (Bloomberg) Silver for immediate delivery dropped as much as 1 percent to $21.0607 an ounce, and was at $21.1118. A sixth day of declines would be the worst streak since April. WTI (Crude Oil) (Bloomberg) WTI for November delivery was at $102.32 a barrel, down 9 cents, in electronic trading on the New York Mercantile Exchange. The contract rose 39 cents to $102.41 yesterday. Trading volume was about 44 percent below the 100-day average. Futures reversed earlier losses as Ineos Group Holdings SA said it is shutting down the 210,000 barrel-a-day Grangemouth refinery in Scotland before a labor strike, which could halt flows from the North Sea Forties Pipeline System.
Posted on: Tue, 15 Oct 2013 11:26:46 +0000
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