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Currencies
USD/JPY The Japanese currency reached 79.28 per dollar, the strongest since Oct. 22, before trading at 79.43 as of 6:13 a.m. in London, 0.5 percent higher than yesterday’s close.
AUD/USD Australia’s dollar traded at $1.0334 at 2:53 p.m. in Sydney from $1.0332 yesterday, when it fell 0.4 percent. It was little changed at 82.49 yen . Australian bonds gained for a third day, pushing the yield on 10-year debt down by seven basis points, or 0.07 percentage point, to 3.12 percent.
USD/CAD The loonie, as the currency is known for the image of the aquatic bird on the C$1 coin, weakened 0.4 percent to C$1.0010 per U.S. dollar at 5 p.m. in Toronto. It hasn’t lost for five consecutive days since May. The Canadian dollar last closed weaker than parity on Aug. 6. One Canadian dollar buys $0.9990.
Commodities
Brent oil for December settlement on the London-based ICE Futures Europe exchange dropped as much as 69 cents, or 0.6 percent, to $108.75 a barrel. The European benchmark crude was at a premium of $23.75 to the WTI contract. The spread increased for a sixth day yesterday to $23.90, near the widest in more than a year.
GOLD The rise in gold prices in recent years added to the metal’s popularity. Spot gold, which traded at $1,711.38 an ounce on Oct. 29, has climbed 9 percent this year, heading for a 12th consecutive annual gain, as investors bought bullion to protect against inflation.
USD/JPY The Japanese currency reached 79.28 per dollar, the strongest since Oct. 22, before trading at 79.43 as of 6:13 a.m. in London, 0.5 percent higher than yesterday’s close.
AUD/USD Australia’s dollar traded at $1.0334 at 2:53 p.m. in Sydney from $1.0332 yesterday, when it fell 0.4 percent. It was little changed at 82.49 yen . Australian bonds gained for a third day, pushing the yield on 10-year debt down by seven basis points, or 0.07 percentage point, to 3.12 percent.
USD/CAD The loonie, as the currency is known for the image of the aquatic bird on the C$1 coin, weakened 0.4 percent to C$1.0010 per U.S. dollar at 5 p.m. in Toronto. It hasn’t lost for five consecutive days since May. The Canadian dollar last closed weaker than parity on Aug. 6. One Canadian dollar buys $0.9990.
Commodities
Brent oil for December settlement on the London-based ICE Futures Europe exchange dropped as much as 69 cents, or 0.6 percent, to $108.75 a barrel. The European benchmark crude was at a premium of $23.75 to the WTI contract. The spread increased for a sixth day yesterday to $23.90, near the widest in more than a year.
GOLD The rise in gold prices in recent years added to the metal’s popularity. Spot gold, which traded at $1,711.38 an ounce on Oct. 29, has climbed 9 percent this year, heading for a 12th consecutive annual gain, as investors bought bullion to protect against inflation.