UWC Currency - page 5

 

10.08.10

USD and Yen strengthen

on speculation of

slower economic recovery

Strong Chinese export and

import figures for July

Oil stable on 80 - 81.

Gold stays on 1200

 

11.08.10

US Federal Reserve

confirms economic slowdown.

New fears for double dip

recession hit markets

Oil below USD 80.

Yen reaches new highs

 

12.08.10

EURO falls 2 %

towards USD

Oil prices fall on

weaker US growth

New turmoil and

market uncertainties

 

13.08.10

Yen looses from

15 years high

Export concerns

lead to strong

political pressure

Gold climbs as

market volatility

increases

 

16.08.10

China overtakes Japan

as second biggest

world economy

Euro slightly up

against USD - 1.28.

Gold continues to

climb reaches 1220

 

17.08.10

China reduces US-

treasury exposure

Leads to weaker USD:

Euro and Yen strengthened

Gold back as "safe" haven

reaches USD 1223

 

18.08.10

YEN continues to

demonstrate strength

USD strengthened

towards EURO and GBP

Gold at six weeks high.

Oil at $ 75 - 76 level

 

19.08.10

Concerns on European slow

down weakens EURO

Speculation on Central Bank

intervention for weaker YEN

Gold stays on 1225

Oil stabilizes on USD 75 - 76

 

20.08.10

Uncertainties continue to

dominate currency markets

Commodities hit by

slowing economy

Gold seen as safe

haven reaches $ 1232

 
Reason: