Forex Trading and Currency Exchange Rates – Dollar Continues to Slide but Advances vs Yen

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(Best Syndication News) The dollar continued its four-day decline today, but did gain against the Japanese yen (see forex charts below). The dollar hit a 100-day low against the franc.

World FX

The U.S. dollar dropped against all major currencies today with the exception of the yen (see average chart below). The greenback fell 0.30 percent against the Aussie, 0.76 percent against the euro, 0.43 percent against the pound and 0.31 percent against the franc.

The U.S. currency continued to decline throughout the day but did begin to gain against the Canadian (see intraday chart below). The dollar fell 0.68 percent against the euro, 0.45 percent against the pound sterling, 0.19 percent against the Australian dollar but only 0.01 percent against the Hong Kong dollar.

The Hong Kong and U.S. dollars were the big losers for the day, while the euro and British pound were winners (see cross tables below). The Swiss franc gained 0.803 percent against the Japanese yen but fell 0.438 percent versus the euro.

Futures and Commodities

Oil dropped throughout the weekend but did begin to gain late Monday. Light sweet crude on the NYMEX settled at $100.59 a barrel, but jumped earlier Tuesday to $101.97.

Gold futures for August delivery jumped $3.1 to $1540.40 a troy ounce.

The price for July silver is up 72 cents to $38.58 an ounce.

In Tokyo, commodities were higher too. Gold, silver, crude oil, gasoline, platinum and palladium all advanced on the Tokyo Commodity Exchange (TOCOM).

Stock Prices

Although stock markets in the United States were closed in observance of Memorial Day Monday, shares were being traded in Asia and Europe (see stock chart below).

The Nikkei 225 in Japan was down 16.97 (-0.18%) to 9,504.97 on Monday. The Shanghai was lower but the Hang Seng was higher. On Tuesday all three markets were higher.

In Europe, markets were generally lower on Monday. The FTSE 100 in England has opened higher on Tuesday. Generally markets are opening higher.

By: Tom Madison
Business Reporter

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Average Exchange Rates:


Monday Surveys 1 - 3 (1-day) % Change Day % Change Wk Ch 100-Day 100-Day Low
5/30/2011 Average 1US$ = Currency Pos=$US Gain Pos=$US Gain Pos=$US Gain Blue=Low
0.9334 Average Against Aussie -0.30% -2.22% -6.79% 0.9141
0.6956 Average Against Euro € -0.76% -2.37% -6.16% 0.6727
81.2143 Average Against Yen ¥ 0.59% -0.87% -1.07% 79.4217
0.6046 Average Against Pound £ -0.43% -2.25% -3.31% 0.5983
0.8496 Average Against Franc -0.31% -3.39% -11.06% 0.8496
0.9734 Average Against Canadian -0.30% -0.73% -2.30% 0.9472
Average 1Currency = US$ Pos=$US Loss Pos=$US Loss Pos=$US Loss Blue=Low
1.0713 Average Against Aussie 0.30% 2.27% 7.28% 0.9815
1.4375 Average Against Euro 0.76% 2.43% 6.56% 1.3310
0.0123 Average Against Yen -0.58% 0.87% 1.08% 0.0117
1.6541 Average Against Pound 0.43% 2.31% 3.43% 1.5819
1.1770 Average Against Franc 0.31% 3.51% 12.44% 1.0276
1.0273 Average Against Canadian 0.30% 0.73% 2.36% 0.9986

Intraday Change:

Green = $ UP Intra-Day Trend Green = $ UP
Red = $ Down 5/30/2011 Survey 5A Survey 5B Survey 5C Red = $ Down
From Previous Time PT 2:00PM 6:00PM 10:30PM Intra-Day Average
0.19% USD/JPY 80.94 80.94 81.58 0.79% 81.153
0.06% EUR/USD 1.428 1.428 1.4377 0.68% 1.431
-0.04% GBP/USD 1.647 1.647 1.6544 0.45% 1.649
0.07% CAD/USD 0.9774 0.9774 0.9713 -0.62% 0.975
0.01% USD/HKD 7.7792 7.7792 7.7784 -0.01% 7.779
-0.07% AUD/USD 1.068 1.068 1.07 0.19% 1.069
0.00% USD/CNY 6.4829 6.4829 6.4796 -0.05% 6.482

Cross Tables:

Survey 1 May 30 2011 9:00 PM
1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD $ 0.1286 1.0715 1.0274 1.1773 1.6541 0.0123 1.4378  
EUR € 0.0894 0.7452 0.7146 0.8188 1.1504 0.0086   0.6955
JPY ¥ 10.4355 86.9726 83.3962 95.5639 134.2666   116.7083 81.172
GBP £ 0.0777 0.6478 0.6211 0.7117   0.0074 0.8692 0.6046
CHF franc 0.1092 0.9101 0.8727   1.405 0.0105 1.2213 0.8494
CAD 0.1251 1.0429   1.1459 1.61 0.012 1.3994 0.9733
AUD 0.12   0.9589 1.0988 1.5438 0.0115 1.3419 0.9333
HKD 8.3343 7.9916 9.1576 12.8664 0.0958 11.1838 7.7785

One-Day Change:

Pos Means Top Currency Gained One Day Change May 30 2011 9:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.000% 0.328% 0.312% 0.349% 0.419% -0.806% 0.792%
EUR € -0.777% -0.454% -0.474% -0.438% -0.372% -1.149% -0.785%
JPY ¥ 0.462% 0.786% 0.767% 0.803% 0.876% 1.249% 0.455%
GBP £ -0.385% -0.077% -0.113% -0.084% -1.333% 0.370% -0.412%
CHF -0.365% -0.022% -0.034% 0.071% 0.000% 0.444% -0.340%
CAD -0.319% 0.019% 0.035% 0.112% -0.826% 0.474% -0.317%
AUD $ -0.332% -0.021% 0.018% 0.091% -0.862% 0.457% -0.331%
HKD 0.323% 0.304% 0.340% 0.413% -0.519% 0.784% -0.006%

30-Day Change:

Pos Means Top Currency Gained 30- Day Change May 30 2011 9:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.08% 2.49% -0.79% 5.61% 1.85% 1.65% 1.05%
EUR -1.00% 1.42% -1.81% 4.52% 0.80% 1.18% -1.04%
JPY -1.60% 0.83% -2.39% 3.91% 0.21% -0.59% -1.61%
GBP -1.89% 0.62% -2.60% 3.69% -1.33% -0.80% -1.82%
CHF -5.29% -2.96% -6.06% -3.56% -3.67% -4.32% -5.32%
CAD 0.81% 3.30% 6.46% 2.67% 2.56% 1.85% 0.80%
AUD -2.36% -3.19% 3.06% -0.61% -0.86% -1.40% -2.43%
HKD 2.47% -0.81% 5.59% 1.84% 1.59% 1.03% -0.01%

Stock Market Chart:

Monday U.S. Markets 1 Day 1 Day 1 Week 30-Day 100-Day
5/30/2011 Pt Change % Change % Change % Change % Change
12,441.58 Dow Jones Industrial Avg 0.00 0.00% 0.49% 1.43% 6.59%
1,331.10 S&P 500 0.00 0.00% 1.04% 1.41% 4.44%
2,796.86 Nasdaq Composite Index 0.00 0.00% 1.38% 1.89% 2.95%
Monday World Market Indexes 1 Day 1 Day 1 Week 30-Day 100-Day
30-May-11 Pt Change % Change % Change % Change % Change
138.55 DJ Asian Titans 50 -0.45 -0.32% 1.99% -0.30% -4.06%
2149.4 The Global Dow -0.75 -0.03% 1.57% 0.12% 2.66%
9,504.97 Nikkei 225 Japan -16.97 -0.18% 0.47% 0.68% -9.57%
2,706.12 Shanghai China -3.50 -0.13% -2.50% -9.80% -3.54%
23,184.32 Hang Seng Hong Kong 66.25 0.29% 2.08% -1.43% -2.42%
2614.58 Dow Stoxx - 50 Europe -3.10 -0.12% 1.51% 1.72% -1.14%
2814.34 DJ Euro Stoxx - 50 Europe -5.06 -0.18% 0.72% -1.51% 0.63%
5,938.87 FTSE 100 England 0.00 0.00% 1.76% 4173.49% -1.25%
3,942.53 CAC 40 France -8.45 -0.21% 0.91% 83.65% 2.09%
7,160.30 DAX Germany -3.17 -0.04% 0.54% 1.72% 3.15%
4,667.50 S&P ASX 200 Australia -16.50 -0.35% 0.53% -2.62% -0.92%
18,232.06 BSE Sensex Bombay India -34.04 -0.19% 1.33% -4.65% -5.02%
63,953.93 Brazil Bovespa Stock Index -341.03 -0.53% 2.58% -3.33% -9.19%
13,829.66 Canada S&P/TSX Comp 32.07 0.23% 1.30% 0.68% 3.20%
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