Yen Surged as Markets Rocked by Risk Aversion, But Momentum May Not Last The financial markets were rocked by risk aversion last week on new of missed debt payments by a company related to a major Portugal bank. DOW dipped to as low as 16805 from the weekly high of 17068.8 before closing at 16943.8. S&P 500 also dipped to as low as 1952.86 before closing at 1967.57. More volatility was seen in treasury yields as 10 year yield closed at 2.52 comparing to prior week's high of 2.692. 30 year yield closed at 3.343 comparing to prior week's high of 3.516. Gold seemed to have benefited form the risk averse sentiments and reached as high as 1346.8 before closing at 1337.4. Crude oil, on the other hand, dived sharply to as low as 100.44 before closing at 102.19. The dollar index was stuck in range around 80 handle. In the currency markets, Yen ended as the second strongest currency on risk aversion, just next to New Zealand dollar. Canadian dollar was the weakest one after poor economic data. Other major currencies were mixed. Full Report Here... | 
|
No comments:
Post a Comment