July in Figures
July 31, 2012
European interest rates fell sharply at the short and long end in July. The U.S. yield curve flattened. The dollar fell against commodity-sensitive currencies and the yen, advanced against the euro and Swiss franc, and closed virtually unchanged against sterling and the Chinese yuan. Net movements in oil and gold prices were comparatively small especially in light of the strength against the U.S. currency shown by the Canadian, New Zealand, and Australian dollars. The dollar posted its high against the euro for July on the 24th at 1.2041, which was its best level since June 2010. Dollar/yen basically ranged between 78.0 and 80.0 during the month, and the Swiss franc stayed very close to its target ceiling against the euro throughout the month.
| 10-Yr Yield | 06/29/12 | 07/31/12 | Chg vs End-June |
| U.S. | 1.64% | 1.47% | -17 Basis Points |
| Germany | 1.58% | 1.28% | -30 |
| Japan | 0.84% | 0.79% | -5 |
| U.K. | 1.73% | 1.47% | -26 |
| Canada | 1.73% | 1.68% | -5 |
| Switzerland | 0.64% | 0.48% | -16 |
| 3-month euros | Chg vs End-June | ||
| U.S. | 0.46% | 0.44% | -2 Basis Points |
| Euroland | 0.56% | 0.26% | -30 |
| Japan | 0.20% | 0.20% | 0 |
| U.K. | 0.90% | 0.74% | -16 |
| Canada | 1.31% | 1.60% | -1 |
| Swiss | 0.09% | 0.06% | -3 |
| FX | Pct Chg in USD | Pct Chg in USD | |
| EUR/USD | 1.2654 | 1.2301 | +2.9% |
| USD/JPY | 79.92 | 78.14 | -2.2% |
| USD/CHF | 0.9490 | 0.9768 | +2.9% |
| GBP/USD | 1.5671 | 1.5676 | -0.0% |
| AUD/USD | 1.0229 | 1.0501 | -2.6% |
| NZD/USD | 0.7996 | 0.8089 | -1.1% |
| USD/CAD | 1.0229 | 1.0029 | -2.0% |
| USD/CNY | 6.3530 | 6.3619 | +0.1% |
| Equities | Chg vs End-June | ||
| S&P 500 | 1362 | 1379 | +1.2% |
| Nasdaq | 2935 | 2940 | +0.2% |
| Djia | 12880 | 13009 | +1.0% |
| Dax | 6761 | 6773 | +0.2% |
| Nikkei | 9007 | 8695 | -3.5% |
| Ftse | 5571 | 5635 | +1.1% |
| Canada TSE | 11597 | 11665 | +0.6% |
| Swiss SMI | 6067 | 6399 | +5.5% |
| Commodities | Chg vs End-June | ||
| Oil, $ per brl | 84.96 | 88.01 | +3.6 |
| Gold, $ per oz | 1603.50 | 1617.50 | +0.5% |
Copyright Larry Greenberg 2012. All rights reserved. No secondary distribution without express permission.
Tags: commodity prices, foreign exchange, sovereign debt yields
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