March 9th, 2012 ACFX.COM
by , 03-09-2012 at 08:01 AM (133 Views)
Currencies USD/JPY The yen slid to a nine-month low as speculation of further easing by the Bank of Japan (8301) and gains in Asian shares curbed demand for the currency.
The yen dropped 0.3 percent to 81.80 per dollar as of 2:09 p.m. in Tokyo, after earlier touching 81.89, the weakest since May 26.
GBP/USD The pound weakened against the dollar after Greece said the participation rate in its government bond swap reached 95.7 percent after triggering collective action clauses.
Sterling fell 0.2 percent to $1.5801 at 6:12 a.m. London time, and traded little changed versus the euro at 83.78 pence.
Commodities Oil rose for a third day in New York after Greece completed its debt swap, easing Europe’s debt crisis. The U.S. is forecast to show improvement in its labor market, spurring more demand for fuel.
Oil for April delivery advanced as much as 74 cents to $107.32 a barrel in electronic trading on the New York Mercantile Exchange. It was at $107.04 at 2:25 p.m. Singapore time. The contract yesterday rose 0.4 percent to $106.58, the highest settlement since March 5.
Gold was hovering around $1,700 an ounce today, after gaining nearly 1 percent in the previous session as a strong take-up of Greece‘s bond swap offer calmed fears of an imminent default and lifted sentiment across financial markets.
Spot gold was little changed at $1,699.66 an ounce by 0035 GMT, on course for a 0.7 percent fall this week, its second weekly decline in a row.
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