Currencies

The Dow took another run at 13,000 last night but still couldn’t push through, hanging in at 12,984, up 46. (Accessible only for subscribers before 10:15 AEDT)

The Chartist reports one technical interpretation the USD Index having peaked inside an ongoing negative trend channel.

There’s a sense of “I need a rest” on Wall Street post Greece, while oil and gold move into the frame. Dow down 27. (Accessible only for subscribers before 10:15 AEDT)

Greece is settled, for now, so attention turns to that rising oil price. Dow up 15. (Accessible only for subscribers before 10:15 AEDT)

The RBA minutes reveal a board content with current settings but with room to move were global factors to dictate further action.

Market analysts at FXCM suggest while the US dollar has been trading in a tight range relative to the euro and other currencies, a breakout to the downside may be imminent.

Everyone seems confident, but no word yet from Brussels on the Greek bail-out. Wall Street closed.(Accessible only for subscribers before 10:15 AEDT)

Having earlier lowered forecasts for the Australian and New Zealand dollars given the issues in Europe, CBA has now reversed these changes.

Eswar Prasad and Lei Ye believe the Chinese renminbi will be a reserve currency within the next 10 years. They explain the how and why.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.