Currencies

Wall Street rallied strongly last night on rumours, but not confirmation, that Germany was preparing to guarantee Greek debt. Dow up 150.

If gold is a hedge against sovereign risk, why is it so weak right now?

NAB has revised its timetable for the Australian dollar reaching parity against the US dollar.

The Dow broke its psychological support level last night and accelerated to the down-side as ongoing concerns continue to drive risk aversion. Dow down 103. (Locked for subscribers until 10:00 AEDST)

Recent AUD weakness versus the USD is raising some questions, like: where will it go from here and are there some winners and losers?

Stocks end higher on Friday after waging a dramatic comeback in the final hour of trade. Dow up 0.1%, while Nasdaq flies 0.75%.

Sovereign debt fears are snowballing in Europe, Sino-US relationships are edgy, and signs are tonight’s US jobs number may disappoint. Dow down 268.

Europe is still weighing on sentiment as uninspiring economic data kept Wall Street at bay last night. Dow down 26.

A strong US home sales result and some easing of Greek concerns added further fuel to yesterday’s relief rally. Dow up 111. (Locked for subscribers until 10:00 AEDST)

A welcome bounce followed a positive manufacturing sector read in the US. Dow up 118.