February 21th, 2012
by, 02-21-2012 at 11:22 AM (117 Views)
Currencies EUR/USD The 17-nation euro advanced to the strongest level in more than a week versus the U.S. currency as Luxembourg’s Jean-Claude Juncker told reporters the deal includes a 53.5 percent writedown for investors in Greek bonds.
Europe’s common currency rose 0.1 percent to $1.3254 and earlier reached $1.3293, the strongest level since Feb. 9.
EUR/JPY The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
The euro touched 105.97 yen, the most since Nov. 14, before trading 0.2 percent higher at 105.62 yen as of 1:39 p.m. in Tokyo.
Commodities Oil traded near the highest price in nine months after euro-area finance ministers agreed on a second bailout for Greece, improving prospects for fuel demand.
Oil futures for March delivery, which expire today, advanced as much as $2.20 to $105.44, the highest intraday price since May 5 on the New York Mercantile Exchange.
Spot gold rose to its highest in a week and half on Tuesday as the dollar weakened after euro zone policymakers sealed a deal for a second bailout for Greece.
Spot gold inched up 0.4 percent to $1,740.35 an ounce by 0624 GMT, after touching a one-week high of $1,740.49.