Currencies

Wall Street embraced the good news and ignored the bad news last night. Dow passes through 10,000.

A Street-beating result from Intel after the bell set the tone for tonight after a quiet session. Dow down 14. (Locked for subscribers until 10:00 AEDST)

Columbus Day provided a new closing high on Wall Street – just – in thin holiday volume. Dow up 20.

Weekly musings from your editor. Here’s why I retain a positive view for risk assets on a twelve month horizon.

Major gauges rise as the US trade gap narrowed surprisingly seeing the greenback bounce off recent lows.

The RBA rate hike and better labour market figures have driven the Australian dollar higher this week and National Bank suggests there remains scope for further gains.

Metal prices surged on short-covering last night while Wall Street eased back from intraday highs. Dow up 61.

Wall Street was quiet last night ahead of what was a well-received result from Alcoa after the bell. Dow down 5.

Gold broke through previous highs last night as rumours circulated that America’s Gulf state allies were in talks to shift away from trading oil denominated in US dollars.

Gold surged last night on rumours of the Middle East dumping the US dollar, while Australia’s rate rise was the talk of the town. Dow up 131.