The yen is appreciating relative to the dollar, hitting 90.49, on speculation that companies are repatriating funds before the end of the fiscal first half. With the three day weekend there are a lot of yen purchase orders from exporters. This could
The underlying sentiment is for risky assets. With rates higher in Australia, investors are already interested in a carry trade with Aussie dollars, but with the nation’s four largest banks posting combined after tax profits of A$8.6 billion in the
I continue to be long gold as investors move out of the dollar and need another store of value. Also, Barrick Gold, the world’s largest gold producer is buying gold meaning there is increased demand . Barrick last week said that it is eliminating its
A weaker dollar trumped a report showing a rise in US oil inventories pushing oil up to near $80 a barrel. Analysts say that the price of oil currently isn't trading on supply and demand but rather based on global stock markets and the fluctuation in
