Currencies

Dubai debt issues should not be a surprise to anyone, but the markets are currently sensitive to any further scares.

Dubai has asked for a six month deferral on its debt payments causing European stock markets to fall over 3%.

The US Federal Reserve’s position on maintaining low interest rates will continue to suppress the US dollar.

A good jobless claims number meant new highs on Wall Street while gold nears US$1200 on a weak greenback. Dow up 30.

Low volumes, a switch to defensives, a rush for Treasuries. Wall Street is packing up for Christmas. Dow down 17.

Forget Chinese economic growth. Currency imbalance means China is also potentially dragging the world back into crisis.

A weak greenback and strong US home sales had Wall Street on a fly from the bell. Dow up 132.

It’s past midday in Sydney and already gold is up another US$10/oz.

Weak techs and a strong dollar kept a lid on an afternoon run, with investors still spooked by yesterday’s dismal economic data.

A surge in mortgage foreclosures sent Wall Street tumbling last night before a gradual claw-back. Dow down 93.