Dollar firms as Treasury yields climb to 9-month highs

It was a relatively quiet NY session with no significant U.S. economic data releases. Yields drove much of the movement with the U.S. 10-year Treasury yield climbing to levels that have not been seen in over 9 months. The dollar was mostly firmer and the euro traded slightly weaker as its continued to decline from session highs following the overnight release of the surprisingly weaker December German factory orders data(-3.4% MoM vs. exp -1.5%). EUR/USD fell below 1.3600 to current levels of around 1.3585/90.

U.S. equities traded with a positive tone throughout the session with the Dow Jones Industrial Average finishing the day higher by about +0.62%. The S&P 500 climbed higher as well to close up roughly +0.57%. Commodities were mixed on the day with a decline in oil by nearly -1.99%. Gold was flat on the day and silver strengthened to rise around +0.72%.

On the data front for the upcoming Asia/Pacific session is the New Zealand QV house price change for January, Japan January money stock data, bankruptcies, Eco Watchers surveys and the December trade balance. Australia is set to release the January NAB business conditions and business confidence figures.

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Источник: FOREX.com

07.02.2011