Currencies

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

In the battle for the psychological Dow 10,000 level, last night the sellers won. Dow down 74.

The Japanese yen has strengthened to a 15-year high against the US dollar, putting pressure on the Bank of Japan to intervene.

Wall Street reversed another big fall on weak housing data last night as value seekers re-emerged. Dow up 19.

A record plunge in existing home sales sent Wall Street scurrying last night. Dow down 133.

Wall Street tried but failed to push higher last night, ultimately drifting off on lack of interest. Dow down 39.

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

Danske Bank has revised its foreign exchange assumptions, taking the view a mid-cycle slowdown would be supportive for the US dollar, the Japanese yen and the Swiss franc.

Wall Street was shocked by a sharp jump in jobless claims, and further weak data conspired to send the Dow down 144.

GFT’s Kathy Lien warns investors are probably better off ignoring the AUD, for now.