What’s Pushing The US Dollar Higher?
The only notable winner in
today’s markets was the US dollar, and everything else finished lower.
Equity
Equities declined in the
wake of month/quarter end selling. The Nasdaq future
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down 14.50 to close at 1202.50. The S&P 500 contract
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10.20, at 973.30,
and the Dow
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Fixed Income
U.S. Treasuries continued their decline today as investors try
to make sense of the Fed’s directive. The 10 year futures contract
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down 040 to close at 117-020; the 30 year
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was down 14 at 116-21; and the five year note was down 015 at 114-275.
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Metals
July gold
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to close at 345.50. Silver
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at 75.65
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.6475.
Energy
July crude
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close at 29.27, and natural gas was down by .401 at 4.890
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Currencies
The USD index
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finished at 95.49, in anticipation of narrowing interest rate diffentials..