Free Trial

The last trading day for the year was a.......>

FOREX
FOREX: The last trading day for the year was a quiet affair in Asia, currencies
were broadly in consolidation mode, leaving the dollar barely altered from its
close yesterday in New York. Aussie-dollar trekked between $0.7790 and $0.7804,
surprisingly, firmer commodity prices did little to encourage demand, Dalian ore
+3.2%, Shanghai steel +1.6% and coking coal +1.0%. Dollar-yen was a bit more
lively, bid initially into the fix, but once the fix was concluded it came under
selling pressure from the local exporter community, the rate eased from Y112.97
to Y112.69 before buyers returned and was last at Y112.80. Meanwhile,
euro-dollar trades at $1.1945 and cable at $1.3457, after trading in respective
ranges of $1.1937 to $1.1949 and $1.3430 to $1.3459.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.