Who Was Responsible For Today’s Dollar Strength?
Stocks and Treasuries finished
higher today.
Equity
The US stock market sprang to life without any
major catalyst. The Nasdaq
future
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Fixed Income
U.S. Treasuries finished the day close to the highs. The 10 year futures contract
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up 140 to close at 117-015; the 30 year
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was up -16 at 115-30; and the five year note was up 105 at 115-025.
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Metals
August gold
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GCQ3 |
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dollar strength and closed at
345.10. Silver
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down .15
at 78.00
(
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PowerRating), and aluminum
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PowerRating) was unchanged at
.6595.
Energy
August crude
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PowerRating) was up by .22 to
close at 31.28. But natural gas, again, was down by .104 at 5.154
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PowerRating).
Currencies
The USD index
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PowerRating) was up .46 to close
at 96.13 after the German Chancellor was quoted in a major newspaper as saying
that the ECB should intervene to weaken the euro against the dollar.