Currencies

Barclays Capital note June tends to be a mixed month across all asset classes, a trend it expects will continue this year.

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

It only needed China to deny it was looking to dump the euro to release pent up buying demand last night. Dow up 284. Aussie surges three cents.

A snapshot of economist responses to today’s lower than expected March quarter capex data for Australia.

Wall Street opened stronger last night, but ultimately closed lower, as the rumour mill churned and the euro pushed toward previous lows. Dow down 69.

Wall Street saw a nervous late sell-off as Spain moved to take over a troubled regional bank, but commodities were strong overnight. Dow down 126.

For the first time in a long time, Wall Street fell as the euro rallied last night, based on financial regulation fears within the general panic. Dow down 376.

The euro fell then bounced hard last night and Wall Street again followed suit, turning a 186 point down day in the Dow into only 66 points down.

There was a brief moment in the sun on offshore markets last night before Germany moved the goal posts and the euro sank once more. Dow down 114.

The euro fell to near US$1.22 last night before rebounding back to near $1.24. The Dow fell 180 points but closed up 5. Yet commodities were absolutely trashed. (Locked for subscribers until 10:00 AEST)