Sunday, December 6, 2009

U.S. market at end in positive; $$ rallies

US forex trading news

Shares, ended with gains on Friday, but far are the heights. The employment report reinforces weighted shares, but the decline in gold and crude material stocks. The Dow Jones rose 0.22% and the Nasdaq gaining 0.98%. Gold fell by 4% and crude oil closed below $ 76 per barrel. The dollar extended gains during the U.S. session, and had the best day since June.

The dollar jumped on Friday after a better than expected employment report. To break the negative correlation between risky assets and greenback and the currency jumped along with the yield of treasury bonds.

Gold fell and land at $ 1147 reached the lowest price in a week. The metal fell on Friday, almost $ 50 delete the previous gains and ended the week with losses.

Greenback rose on a broad front. EUR / USD fell from 1.5060 to 1.4820. GBP / USD fell from 1.6670 to 1.6430. Despite falling sharply against the dollar, the cable rose to a one-week high against the euro.

The yen was the worst performance of the day and the weaker currency of the week. USD / JPY rose for the fourth consecutive days reached a 4-week high. The pair posted the biggest daily gain in the month

US forex trading news

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