Awaiting U.S. Jobs Data, Events in Egypt, and EU Summit Results

February 4, 2011

Currencies barely moved overnight, continuing the flat performance in U.S. trading on Thursday.  The dollar is up by 0.2% against the Swiss franc and 0.1% versus sterling, unchanged against the yen, euro, kiwi and yuan, down 0.1% relative to the Canadian dollar, and off 0.2% against the Australian dollar. Many Asian markets remain closed for […] More

Chinese New Year

February 3, 2011

Numerous Asian markets were closed today for the Lunar New Year, including China, Indonesia, Malaysia, Taiwan, Hong Kong and South Korea. Unrest in Egypt appears to be escalating, but Suez Canal traffic is still flowing normally.  Oil prices are 0.8% higher at $91.59 per barrel.  Gold edged up 0.1%. Fate of the euro, down 0.3% […] More