Currencies

It was a light volume calm before potential stormy weather ahead on Wall Street last night. Dow down 18.

Wall Street pushed further ahead last night on some more positive economic data in a vacuum of news from Europe. Dow up 83. (Locked for subscribers until 10:00 AEDST)

The euro turned tail and ran away again last night but more positive US data prevented a stock market reversal. Dow up 40.

Danske Bank has lowered expectations for the euro and suggests the Aussie dollar is unlikely to reach new highs against the greenback.

A combination of positive economic data, positive bank news, and Greek faith spun markets around in a big way last night as risk appetite returned. Dow up 169.

Presidents’ Day had US markets closed last night while Europe awaits the outcome of another emergency meeting on Greece.

We’ve seen the peak in AUD strength and in USD weakness, suggests CommBank while NAB highlights a very “dangerous” IMF report on inflation.

The EU solution for Greece did not convince Wall Street. Jobs numbers were needed to spark short-covering. Dow up 105.
(Locked for subscribers until 10:00 AEDST)

Australian labour force data surprised on the upside for the fifth consecutive month, adding weight to the view the RBA will lift rates in March.

Wall Street rapidly emptied last night ahead of the incoming blizzard. In the meantime it’s a Greek waiting game. Dow down 20. (Locked for subscribers until 10:00 AEDST)