Market Outlook 10/29/2012
Currencies
USD/JPY The yen fetched 79.68 per U.S. dollar as of 3:04 p.m. in Tokyo after rising 0.8 percent to 79.65 on Oct. 26, the largest gain since Aug. 22. It was at 102.99 per euro following a 0.2 percent advance last week to 103.05. Europes shared currency lost 0.1 percent to $1.2926.
AUD/USD The Australian dollar dropped 0.2 percent to $1.0354 as of 4:19 p.m. in Sydney from the close on Oct. 26. It bought 82.46 yen from 82.62. The New Zealand dollar, nicknamed the kiwi, slid 0.2 percent to 82.09 U.S. cents. The currency weakened 0.2 percent to 65.40 yen.
Commodities
Gold for immediate delivery climbed as much as 0.3 percent to $1,716.05 an ounce and was at $1,715.26 at 1:54 p.m. in Singapore. Bullion for December delivery rose as much as 0.3 percent to $1,716.70 an ounce on the Comex, and was at $1,715.90. The U.S. securities industry canceled all stock trading as Hurricane Sandy headed toward New York City.
Crude oil for December delivery gained 23 cents, or 0.3 percent, to settle at $86.28 a barrel on the New York Mercantile Exchange. Prices fell 4.8 percent this week and are down 13 percent this year.
Currencies
USD/JPY The yen fetched 79.68 per U.S. dollar as of 3:04 p.m. in Tokyo after rising 0.8 percent to 79.65 on Oct. 26, the largest gain since Aug. 22. It was at 102.99 per euro following a 0.2 percent advance last week to 103.05. Europes shared currency lost 0.1 percent to $1.2926.
AUD/USD The Australian dollar dropped 0.2 percent to $1.0354 as of 4:19 p.m. in Sydney from the close on Oct. 26. It bought 82.46 yen from 82.62. The New Zealand dollar, nicknamed the kiwi, slid 0.2 percent to 82.09 U.S. cents. The currency weakened 0.2 percent to 65.40 yen.
Commodities
Gold for immediate delivery climbed as much as 0.3 percent to $1,716.05 an ounce and was at $1,715.26 at 1:54 p.m. in Singapore. Bullion for December delivery rose as much as 0.3 percent to $1,716.70 an ounce on the Comex, and was at $1,715.90. The U.S. securities industry canceled all stock trading as Hurricane Sandy headed toward New York City.
Crude oil for December delivery gained 23 cents, or 0.3 percent, to settle at $86.28 a barrel on the New York Mercantile Exchange. Prices fell 4.8 percent this week and are down 13 percent this year.