Currencies

The Dow closed off its highs to be up 396, but has managed to put together the first two-day rally this month.

Weekly musings from your editor. Why investors should watch the USD closely, and be prepared.

The Dow posted a long overdue rally of nearly 500 points on Friday, triggered by the announcement a new Treasury Secretary had been chosen.

ANZ has taken the knife to its AUD forecasts, with a rate in the 50s on the cards for most of 2009.

The S&P 500 fell 6.7% last night to an eleven and a half year low. A 443 point fall in the Dow took out the previous intraday low for a five year closing low. Oil broke US$50/bbl.

The Dow fell 427 following a revised economic outlook from the Fed. Citigroup has begun to slide away.

The Dow fell 220 points last night, most of it in the last ten minutes yet again.

Acording to Danske Bank the recent rapid rise in risk aversion has finished and this means an improved outlook for the US Dollar and the euro against the yen and Swiss franc.

The Dow was positive at 3.15pm and closed down 336.

The Dow traded below its previous closing low last night and then staged an 850 point rally to close up 550 for the session.