Yen Soars Versus The Dollar
Energy prices fell after
warm weather was forecast for large parts of the US over the next week.
With supplies currently above average and less demand forecast over the coming
days; Crude Oil, Unleaded Gasoline, Heating Oil and Natural Gas all declined.
The Department of Commerce released the only economic news
today, which showed the Current Account Deficit narrowed unexpectedly in the
third quarter (report).
The news sent Treasuries higher.
Meanwhile the Japanese Yen had its biggest 1-week gain versus the US Dollar
in 6-years, with most of the gains coming in the past 3-days.
Read Mark Boucher’s article on the sharply rising Yen and what it could mean for
the market.
Sugar hit a 10-year high, the price has been supported by increasing Ethanol
demand and forecasts of shortages next year.
Current Account Deficit At $195.8 Bln. For Q3 (report)
Ashton Dorkins
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