Back
24 Dec 2014
Market Movers: Santa brings all the good things for US, forgets Russia
The US dollar resumed its rally yesterday after the stellar third quarter GDP report hit the wires. The Q3 GDP revision was on the upside at 5%, way above expectations. EUR/USD went on to make fresh lows while USD/JPY climbed to 119.80 levels before retreating on profit-booking. Shanghai Composite Index saw another day of profit booking, falling 2% after yesterday’s 3% decline. Weak yen pushed Nikkei 225 futures higher by 0.39% at 17855.
Russian authorities took fresh measures by asking its exporters to sell part of their foreign exchange revenues, to support the ruble in the coming months. Bad news came-in after S&P warned of a possible cut in Russia’s credit rating. USD/RUB currently trades around 54.58 levels.
GBP/USD pair fell below the 1.56 handle to see a low at 1.54854 after the US GDP report, currently at 1.5542 (+0.15%). The AUD/USD pair fell below 0.81 levels in the NA session, now hovering near 0.8116 (+0.11%). EUR/USD trades above yesterday’s close at 1.2187 (+0.13%). USD/JPY at 120.41 is down 0.28 %. The AUD/USD pair is up 0.11% at 0.8116.
Gold Futures declined to USD 1175.68/oz while WTI fell below the USD 57/bbl level, currently trading at USD 56.36/bbl. Brent Crude oil futures are above USD 60/bbl level at USD 60.82/bbl.
XAG/USD at 15.8559 (+0.68%), CHF/PLN at 3.5480 (+0.61%) and USD/RUB at 54.5815 (+0.45%) are the top gainers in the FX space, while USD/HUF at 258.5150 (-0.41%), MXN/JPY at 8.1496 (-0.34%) and HKD/JPY at 15.5138 (-0.31%) are the top losers.
Russian authorities took fresh measures by asking its exporters to sell part of their foreign exchange revenues, to support the ruble in the coming months. Bad news came-in after S&P warned of a possible cut in Russia’s credit rating. USD/RUB currently trades around 54.58 levels.
GBP/USD pair fell below the 1.56 handle to see a low at 1.54854 after the US GDP report, currently at 1.5542 (+0.15%). The AUD/USD pair fell below 0.81 levels in the NA session, now hovering near 0.8116 (+0.11%). EUR/USD trades above yesterday’s close at 1.2187 (+0.13%). USD/JPY at 120.41 is down 0.28 %. The AUD/USD pair is up 0.11% at 0.8116.
Gold Futures declined to USD 1175.68/oz while WTI fell below the USD 57/bbl level, currently trading at USD 56.36/bbl. Brent Crude oil futures are above USD 60/bbl level at USD 60.82/bbl.
XAG/USD at 15.8559 (+0.68%), CHF/PLN at 3.5480 (+0.61%) and USD/RUB at 54.5815 (+0.45%) are the top gainers in the FX space, while USD/HUF at 258.5150 (-0.41%), MXN/JPY at 8.1496 (-0.34%) and HKD/JPY at 15.5138 (-0.31%) are the top losers.