This month’s market roundup, we’ll discuss how crude oil rebounded slightly after months of losses and how a big announcement in gold could irrevocably change otherwise bearish futures trading.
Currencies & Interest Rates
The euro hit its lowest price point in two years on Thursday after ECB President Mario Draghi worked to diffuse complaints about the way he’s leading the bank.
The results of Election Day have led to some confidence in regards to the U.S. dollar, which hit a seven-year high against the yen on Wednesday.
The U.S. dollar fell for the fourth straight day as evidence of an unsteady U.S. economic recovery dampened expectations for an increase in interest rates next year.
The U.S. dollar rose against its rival currencies on Tuesday.
The U.S. dollar found itself trading higher against its rival currencies on Friday, with analysts pointing to the grim outlook in Europe as a possible cause.
Gold’s weekly gain was erased on Friday as the U.S. dollar posted gains for a second straight day.
The U.S. dollar weakened on Monday after last week’s rally.
The U.S. dollar continued to rally on Friday on the back of the favorable U.S. jobs data announced in today’s report.
The U.S. dollar continues to stand up to its fellow G-10 competitors.