Market Review by TradingForex.com

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.

 

Currencies
USD/JPY The dollar bought 79.62 yen as of 1:53 p.m. in Tokyo after falling 0.2 percent yesterday. It fetched $1.2957 per euro following a 0.4 percent decline in New York, the biggest drop since Oct. 17. Europe’s shared currency was little changed at 103.17 yen after rising 0.2 percent yesterday. The dollar has strengthened 2.1 percent against its Japanese counterpart this month. It has declined 0.8 percent versus the euro since Sept. 30.
USD/CAD The loonie, as the currency is nicknamed for the waterfowl on the C$1 coin, rose 0.2 percent to 99.92 per U.S. dollar cents at 5 p.m. in Toronto. It closed weaker than that level yesterday for the first time since Aug. 6. The currency is down 1.6 percent this month. One Canadian dollar buys $1.0008. The Stoxx Europe 600 Index (SXXP)advanced 0.9 percent while crude oil, Canada’s largest export, rose 0.2 percent to $85.69 per barrel in New York.
GBP/USD The pound gained 0.3 percent to $1.6081 at 4:19 p.m. London time after falling to $1.5914 on Oct. 23, the lowest level since Sept. 6. Sterling weakened 0.2 percent to 80.66 pence per euro.

Commodities
Crude Oil for December delivery rose as much as 34 cents to $86.02 a barrel in electronic trading on the New York Mercantile Exchange at 2:22 p.m. Singapore time. Prices gained 14 cents yesterday to $85.68, the highest close since Oct. 26. Futures are down 6.7 percent in October and 13 percent this year.
Brent oil for December settlement rose 7 cents to $109.15 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude’s premium to the West Texas Intermediate contract was at $23.18, down from $23.40 yesterday.
Gold for immediate delivery rose as much as 0.2 percent to $1,712.80 an ounce and was at $1,711.52 at 1:24 p.m. in Singapore. Prices are down 3.4 percent this month after climbing 4.7 percent in September as central banks from Europe to China to the U.S. pledged to do more to stimulate their economies.

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Currencies

USD/CAD Canada’s currency little changed at 99.94 cents per U.S. dollar at 5 p.m. in Toronto after reaching C$1.0014 earlier. It touched C$1.0019 yesterday, the weakest since Aug. 6. One Canadian dollar purchases $1.0006.
GBP/USD The pound rose 0.3 percent to $1.6113 at 4:22 p.m. London time after appreciating 0.3 percent yesterday, gaining 0.2 percent to 80.45 pence after dropping 0.5 percent over the previous three days. Barclays predicts that sterling will strengthen to $1.65 by year-end
USD/JPY The Japanese currency slid 0.3 percent to 80 per dollar. The 17- nation euro was little changed at $1.2964. The BOJ increased its asset-purchase program on Oct. 30 by 11 trillion yen ($137 billion) to 66 trillion yen to bolster growth through lower borrowing costs.

Commodities

Crude for December delivery was at $86.41 a barrel in electronic trading on the New York Mercantile Exchange, up 17 cents, at 2:46 p.m. Singapore time. Prices gained 56 cents yesterday to $86.24, the highest close since Oct. 26. Futures are down 13 percent this year.
Brent oil for December settlement on the London-based ICE Futures Europe exchange was at $108.72 a barrel, up 2 cents. The contract earlier dropped as much as 0.5 percent and has fallen the past three days. The European benchmark crude was at a $22.31 premium to WTI, from $22.46 yesterday
Metal for delivery in three months gained as much as 0.3 percent to $7,785 a metric ton on the London Metal Exchange and was at $7,783 at 11:41 a.m. in Tokyo. The contract fell 5.4 percent last month, the most since May. December futures rose 0.3 percent to $3.529 a pound on the Comex in New York. February futures retreated 0.2 percent to 56,750 yuan ($8,998) a ton on the Shanghai Futures Exchange.

 

Currencies
USD/JPY The yen fell 0.1 percent to 80.23 per dollar as of 2:20 p.m. in Tokyo. It reached 80.38 on Oct. 26, the weakest since June 25.. The yen has retreated 0.7 percent against the dollar since Oct. 26, set for a third weekly drop.
EUR/USD The dollar gained 0.4 percent to 80.12 yen per dollar at 5 p.m. in New York. It gained 0.1 percent to $1.2943 per euro. The currency appreciated 0.7 percent, the first increase in four days, to 13.0067 per dollar. It earlier touched 13.1289 per dollar, the weakest intraday level since Sept. 6
USD/CAD The Canadian dollar appreciated 0.3 percent to 99.65 cents per U.S. dollar at 5 p.m. in Toronto. It declined 0.2 percent earlier to C$1.0013, trading below parity for a fourth day, after touching C$1.0019 on Oct. 30, the weakest level since Aug. 6. One Canadian dollar buys $1.0035.

Commodities
Gold rose 9.6 percent to $1,713.25 an ounce in London this year, heading for a 12th straight annual gain, the longest winning streak in at least nine decades. The Standard & Poor’s GSCI gauge of 24 commodities lost 1.2 percent since the end of December, and the MSCI All-Country World Index of equities climbed 11 percent. Treasuries returned 1.9 percent, a Bank of America Corp. index shows.
OIL
Crude for December delivery fell as much as 53 cents to $86.56 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.57 at 2 p.m. Singapore time. It advanced 85 cents to $87.09 yesterday, the highest close since Oct. 22. Prices are up 0.3 percent this week, trimming the year’s decline to 12 percent.
Brent oil for December settlement was at $107.88 a barrel, down 29 cents, on the London-based ICE Futures Europe exchange. The European benchmark crude grade was at a $21.31 premium to West Texas Intermediate. The gap narrowed by the most in the two weeks yesterday, shrinking $1.38 to $21.08.

 

The Australian Dollar traded slightly higher as Australia’s trade deficit widened for the fifth consecutive month highlighted by flagging exports to all three of its largest trading partners: China, Japan and the U.S.

The Australian Bureau of Statistics reported the flow of goods declined to China by -4 %, Japan by -13% and the U.S. by -21% in September which should continue to be cause for concern by central bankers as an elevated exchange rate and global slowing were recently noted as the biggest headwinds facing the Aussie economy.

US non-farm payrolls on Friday night surpassed pundits expectations of 125,000 with an increase of 171,000 in October US stocks closed lower having been in the red for most of the day. Crude oil and Gold also were sharply lower as the US dollars strength reinforced the selling pressure on them and in turn on US equities tied to energy.

 

Currencies

AUD/USD Australia’s dollar reached $1.0435, the strongest since Sept. 28, before trading at $1.0426 as of 4:04 p.m. in Sydney, 0.6 percent higher than the close yesterday
Australian bonds declined, pushing the yield on the 10-year note up by one basis point, or 0.01 percentage point, to 3.17 percent.

CAD/USD The loonie, as the Canadian dollar is nicknamed for the image of the waterfowl on the C$1 coin, was little changed at 99.64 cents per U.S. dollar at 5 p.m. in Toronto after depreciating to as weak as 99.77 cents. It strengthened earlier to 99.41 after touching 99.22 cents on Nov. 2, the strongest level since Oct. 25. The currency has traded over the past two months between 96.33 cents and C$1.0019. One Canadian dollar purchases $1.0036.

GBP/USD The pound fell 0.3 percent to $1.5980 at 4:08 p.m. London time after dropping 0.7 percent on Nov. 2 While the U.K. economy emerged from recession in the three months through September, recent data have been mixed.

Commodities

oil West Texas Intermediate oil for December delivery was at $85.69 a barrel, up 4 cents, in electronic trading on the New York Mercantile Exchange at 1:43 p.m. Singapore time. The contract advanced 79 cents to $85.65 yesterday after closing last week at the lowest level since July 10. Prices have dropped 13 percent this year.
Brent oil for December settlement was up 7 cents at $107.80 a barrel on the ICE Futures Europe exchange. The European benchmark crude was at a premium of $22.06 to New York-traded WTI after widening 6.1 percent yesterday
Gold was little changed at $1,684.90 an ounce at 11:27 a.m. in Singapore, after rebounding yesterday from a nine-week low of $1,672.75 as gold imports by China from Hong Kong climbed 30 percent in September from a month earlier.

 

Currencies

EUR/USD The dollar fell 0.4 percent to $1.2861 per euro as of 2:48 p.m. in Tokyo, after earlier gaining as much as 0.2 percent. The dollar weakened on speculation President Barack Obamas re-election victory will boost chances the U.S. will continue monetary stimulus policies that tend to weaken the currency.
AUD/USD The Australian dollar gained 0.2 percent to $1.0451 as of 4:45 p.m. in Sydney after earlier falling as much as 0.2 percent. The currency’s implied three-month volatility fell to 8 percent, the lowest since 2007.
CAD/USD The Canadian dollar appreciated 0.4 percent to 99.21 cents per U.S. dollar at 5:05 p.m. in Toronto. It gained last week from the weakest level in almost three months, C$1.0019. One Canadian dollar buys $1.0080.

Commodities

Gold gained as much as 0.6 percent to $1,726.57 an ounce and was at $1,722.63 at 1:50 p.m. in Singapore. Copper rose as much as 1.3 percent to $7,798 a metric ton in London, and was at $7,736.25. West Texas Intermediate oil for December delivery pared losses of as much as 1 percent and the Standard & Poor’s GSCI Index of raw materials was little changed at 644.19.

 

Currencies

EUR/USD The dollar added 0.2 percent to $1.2750 per euro as of 2:14 p.m. in Tokyo from yesterday, when it touched $1.2737, the strongest since Sept. 7.
USD/JPY The U.S. currency lost 0.2 percent to 79.88 yen after declining 0.4 percent to close at 80 yesterday. The Dollar Index (SPX), which tracks the greenback against the currencies of six major trading partners, rose 0.2 percent to 80.78 after touching 80.92, highest since Sept. 7.
NZD/USD It was little changed at $1.0406. New Zealand’s currency lost 0.2 percent to 81.67 U.S. cents following a 1 percent decline as of theNew York close, the biggest one-day drop since July 23. New Zealand’s two-year swap rate, a fixed payment made to receive floating rates, was at 2.64 percent from 2.62 percent yesterday.

Commodities

Oil for December delivery rose as much as 71 cents to $85.15 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $85.13 at 2:31 p.m. Singapore time. It lost $4.27 yesterday to $84.44, the lowest close since July 10. Prices are down 14 percent this year.
Brent for December settlement on the London-based ICE Futures Europe exchange gained as much as 88 cents, or 0.8 percent, to $107.70 a barrel. It slid $4.25, or 3.8 percent to $106.82 yesterday. The benchmark grade for more than half the world’s oil was at a premium of $22.51 to New York crude. The spread widened to a one-week high of $22.38 yesterday.
Gold Spot gold was little changed at $1,718.80 an ounce at 2:09 p.m. in Singapore, after rising 0.2 percent. A fourth day of gains would be the longest winning streak since August. The metal reached $1,731.82 yesterday, the most expensive since Oct. 23

 

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Currencies

EUR/USD The euro dropped 0.2 percent to $1.2747 at 5 p.m. in New Yorkafter sliding to $1.2717, the lowest level since Sept. 7. The common currency fell 0.8 percent to 101.30 yen after sliding the same amount yesterday.
CAD/USD The Canadian dollar declined 0.4 percent to C$1.0003 per U.S. dollar at 5 p.m. in Toronto after falling yesterday the most in three weeks. The loonie last weakened below parity Nov. 1 after Hurricane Sandy closed equity markets earlier that week. One Canadian dollar buys 99.97 U.S. cents.
GBP/EUR The pound gained 0.2 percent to 79.74 pence per euro at 4:26 p.m. London time, after reaching 79.61 pence, the strongest level since Oct. 1. Sterling was little changed at $1.5976 after dropping to $1.5930, the weakest since Oct. 23.
AUD/USD The Australian dollar rose 0.2 percent to $1.0423 as of 5:02 p.m. in Sydney, poised for a 0.8 percent weekly gain. It has dropped 1 percent since Nov. 2, the biggest decline among the U.S. dollar’s major peers.

Commodities

Brent oil for December settlement advanced 17 cents to $107.42 a barrel on the ICE Futures Europe exchange. The European benchmark crude was at a premium of $22 to New York-traded WTI.
Crude oil for December delivery rose 65 cents to settle at $85.09 a barrel on the New York Mercantile Exchange. The contract dropped $4.27 yesterday to $84.44, the lowest settlement since July 10. Prices are down 14 percent this year.
Gold futures for December delivery rose 0.7 percent to settle at $1,726 an ounce at 1:38 p.m. on the Comex in New York. Prices have jumped 10 percent this year.

 

Currencies

AUD/USD The Aussie dollar rose 0.3 percent from last week to $1.0418 as of 4:47 p.m. in Sydney and strengthened 0.3 percent to 82.82 yen. It touched $1.0480 on Nov. 7, the highest since Sept. 21. New Zealand’s currency gained 0.3 percent to 81.60 U.S. cents and added 0.2 percent to 64.86 yen.
JPY/EUR The yen slid 0.1 percent to 101.18 per euro as of 6:03 a.m. in London from 101.05 at the close on Nov. 9, following a 1.9 percent gain over the previous three sessions. The euro added 0.1 percent to $1.2731, after touching $1.2690 last week, the lowest since Sept. 7.

Commodities

Crude oil for December delivery increased 98 cents to settle at $86.07 a barrel on the New York Mercantile Exchange. Prices, which climbed 1.4 percent this week, are down 13 percent this year.
Brent oil for December settlement advanced $2.15, or 2 percent, to end the session at $109.40 a barrel on the London- based ICE Futures Europe Exchange.
Gold futures for December delivery rose 0.3 percent to $1,730.90 an ounce at 1:33 p.m. on the Comex in New York. Earlier, the price reached $1,739.40, the highest for a most- active contract since Oct. 19.This week, the metal has climbed 3.3 percent, the most since Jan. 27. Gold dropped in the previous four weeks, the longest slump since September 2011.

 

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Currencies

EUR/USD The euro fell to a two-month low as finance ministers from the currency bloc struggled to agree on Greek aid, curbing demand for the common currency. The euro lost 0.2 percent to $1.2687 as of 6:35 a.m. in London, after earlier weakening to $1.2673, the least since Sept. 7
AUD/USD Australia’s dollar declined, trimming a gain from yesterday, as concern Europe’s debt crisis is weighing on global growth reduced demand for riskier assets. The Aussie dollar lost 0.2 percent to $1.0405 as of 4:58 p.m. in Sydney from yesterday when it gained 0.4 percent.
GBP/EUR The pound slid 0.2 percent to 80.11 pence per euro at 5:01 p.m. London time. It dropped 0.2 percent to $1.5869, after touching $1.5865, the weakest level since Sept. 5.

Commodities

Crude for December delivery slid as much as 58 cents to $84.99 a barrel in electronic trading on the New York Mercantile Exchange and was at $85.01 at 3:56 p.m. Sydney time. The contract fell 50 cents to $85.57 yesterday. Prices are down 14 percent this year.
Brent for December settlement declined 61 cents, or 0.6 percent, to $108.46 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.45 to West Texas Intermediate futures, down from $23.50 yesterday.
Gold for immediate delivery, which climbed to a record $1,921.15 an ounce on Sept. 6, 2011, traded at $1,724.30 at 12:11 p.m. in Hong Kong after rising 10 percent this year. The run of annual gains is the best performance since at least 1920.

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Currencies

EUR/JPY The yen fell 0.4 percent to 101.23 per euro as of 6:12 a.m. in London. The euro rose 0.1 percent to $1.2718, after yesterday touching $1.2662, the weakest level since Sept. 7. The MSCI Asia Pacific Index added 0.2 percent, poised for its first advance in a week.
EUR/GBP The pound was little changed at 80.05 pence per euro at 4:58 p.m. London time after appreciating as much as 0.4 percent to 79.70 pence. The U.K. currency reached 79.61 pence on Nov. 8, the strongest level since Oct. 1. The pound has gained 1.2 percent this year . The euro weakened 3.3 percent and the dollar dropped 1.2 percent.
AUD/NZD Australia’s dollar touched NZ$1.2799, the highest level since Sept. 10, before trading at NZ$1.2788 as of 4:48 p.m. in Sydney, unchanged from yesterday. It rose to $1.0455, the strongest since Nov. 7, before trading at $1.0448, 0.1 percent higher. The Aussie advanced 0.3 percent to 83.08 yen. New Zealand’s currency added 0.1 percent to 81.70 U.S. cents and climbed 0.3 percent to 64.97 yen.
EUR/USD The euro was little changed at $1.2704 at 5 p.m. New York time after touching $1.2662 earlier, the weakest level since Sept. 7. Its 100-day moving average is $1.2644, and the 200-day average is $1.2815.

Commodities

Crude for December delivery was at $85.54 a barrel, up 16 cents, in electronic trading on the New York Mercantile Exchange, at 2:43 p.m. Singapore time. The contract declined 19 cents to $85.38 yesterday, the lowest close since Nov. 8. Prices have lost 13 percent this year.
Brent oil for December settlement, which expires tomorrow, was down 5 cents at $108.21 a barrel on the London-based ICE Futures Europe exchange. The more actively traded January contract gained 6 cents to $107.40. The European benchmark crude was at a premium of $22.66 to New York futures. The spread narrowed yesterday for the first time in three days to $22.88.
Gold for immediate delivery, which rose to a record $1,921.15 an ounce on Sept. 6, 2011, traded at $1,728.35 at 11:57 a.m. in Singapore, 11 percent higher this year. The metal advanced 70 percent from December 2008 through June 2011 as the Federal Reserve bought $2.3 trillion of debt in two rounds of so-called quantitative easing.

 

In Asian trading on Thursday US dollar fell against the major currencies on weak data release earlier on Europe and the US.
In the eurozone data revealed that industrial production declined 2.5% in September, well beyond expectations for a more modest 1.9% decline. This sparked fears that the eurozone's preliminary gross domestic product rate for the third quarter will disappoint later Thursday. France, Germany and Italy are also to release individual GDP reports.
In the US, Commerce Department reported earlier that retail sales fell by a seasonally adjusted 0.3% in October, weaker than expectations for a 0.2% decline. Core retail sales, which exclude automobile sales, came in flat last month. Analysts were expecting core retail sales to rise 0.2% in October, after rising by an upwardly revised 1.2% in September. Also the Labor Department reported that producer prices fell by a seasonally adjusted 0.2% in October, compared to expectations for a 0.2% increase, after rising 1.1% in September. The core producer price index declined 0.2% in October, defying expectations for a 0.1% increase, after coming in September.
Later today the U.S. is to release reports on initial jobless claims, consumer price inflation, crude oil stockpiles and data on manufacturing activity in New York and Philadelphia.

 

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Currencies

GBP/EUR The pound depreciated 0.2 percent to 80.59 pence per euro at 4:41 p.m. London time after sliding to 80.65, the weakest since Oct. 31. The U.K. currency rose 0.2 percent to $1.5864. It earlier declined to $1.5829, the lowest since Sept. 5.
AUD/USD Australia’s dollar was unchanged at $1.0332 as of 3:54 p.m. in Sydney from yesterday, when it touched $1.0307, the lowest since Oct. 26. The currency was set for a 0.6 percent decline against the greenback this week, the biggest since the five days ended Oct. 5. The Aussie bought 83.76 yen after gaining 0.7 percent to 83.86 yesterday.
USD/JPY The index’s break below 81.01 is a sign the gauge will fall and a trading-day close below 80.63 confirms the trend, according to the unit of Bank of America Corp. The Dollar Index has longer-term support at about 78.41 to 78.09.

Commodities

Crude for December delivery, which expires today, was down 11 cents at $85.34 a barrel in electronic trading on the New York Mercantile Exchange at 2:02 p.m. Singapore time. The more- actively traded January contract slid 12 cents to $85.75. The front-month future dropped 87 cents yesterday to $85.45 and is down 0.9 percent this week. Prices have lost 14 percent this year.
Brent for January settlement on the London-based ICE Futures Europe exchange increased 9 cents to $108.10 a barrel. The front-month European benchmark grade was at premium of $22.35 to the corresponding WTI contract, from $25.53 yesterday.
Gold futures for December delivery retreated 0.9 percent to settle at $1,713.80 an ounce at 1:45 p.m. on the Comex, the biggest drop since Nov. 2. Earlier, the price touched $1,704.50, the lowest for a most-active contract since Nov. 7.

 

Market Outlook 19 NOV 2012
Currencies AUD/USD Australia’s dollar climbed 0.3 percent to $1.0369 as of 5:35 p.m. in Sydney. It rose 0.3 percent to 84.31 yen after earlier touching 84.51, a level unseen since April 27. The New Zealand dollar traded at 81.34 U.S. cents after gaining 0.4 percent to 81.27 on Nov. 16. It fetched 66.13 yen from 66.08.
JPY/USD The yen depreciated 2.3 percent to 81.32 per dollar in New York this week, its biggest drop since February. The Japanese currency decreased 2.5 percent to 103.60 per euro, its most pronounced fall since September. The euro added 0.2 percent to $1.2743.
GBP/EUR The pound declined 0.3 percent this week to 80.15 per euro at 5 p.m. in London yesterday, after strengthening 1.7 percent during the previous three weeks. The U.K. currency fell 0.2 percent this week to $1.5866. It fell to $1.5829 on Nov. 15, the weakest level since Sept. 5.
Commodities GOLD Spot gold advanced as much as 0.6 percent to $1,723.70 an ounce and traded at $1,722.30 at 12:15 p.m. in Singapore. The metal slumped 1 percent last week as the dollar strengthened for a fourth week against a six-currency basket in the best run since June. Holdings in ETPs backed by bullion rose to 2,603.692 metric tons on Nov.
Crude OIL for January delivery rose as much as 76 cents to $87.68 a barrel in electronic trading on the New York Mercantile Exchange and was at $87.57 at 12:18 p.m. Singapore time. The contract increased $1.05 to $86.92 on Nov. 16 to cap a second weekly gain. Front-month prices are down 11 percent this year.
Brent OIL for January settlement gained 66 cents, or 0.6 percent, to $109.61 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $22.05 to West Texas Intermediate.

 

Market Outlook 21 NOV 2012
Currencies EUR/USD The euro dropped 0.4 percent to $1.2762 as of 6:35 a.m. in London from yesterday. It slipped 0.2 percent to 104.50 yen. The Japanese currency touched 81.97 per dollar, the weakest since April 6, before trading at 81.89, 0.3 percent lower than yesterday’s close.
USD/JPY The dollar rose 0.4 percent to 81.72 yen at 12:21 p.m. in New York. The dollar has strengthened 3 percent against the yen in the past week while remaining within a range of 75.35 yen per dollar to 85.53 yen since the March 17, 2011, earthquake and tsunami that rocked Japan. The nation’s currency has fallen at least 1 percent versus all of its 16 most-traded peers since Prime Minister Yoshihiko Noda on March 15 called for elections that polls show favor the opposition party, which supports further monetary stimulus.
CAD/USD The Canadian dollar dropped less than 0.1 percent to 99.68 cents per U.S. dollar at 5 p.m. in Toronto. It touched 99.55 yesterday, the strongest since Nov. 8, as it gained as much as 0.6 percent, the most since Oct. 17. One Canadian dollar buys $1.0032.
Commodities OIL Crude for January delivery was at $86.79 a barrel, up 4 cents, in electronic trading on the New York Mercantile Exchange at 1:14 p.m. Singapore time. The contract lost $2.53 yesterday to $86.75, the biggest drop since Nov. 7. Prices are down 12 percent this year.
Brent oil for January settlement was at $109.94 a barrel, up 11 cents, on the London-based ICE Futures Europe exchange. The European benchmark crude was at a $23.15 premium to New York-traded West Texas Intermediate grade. The spread was $23.08 yesterday, the widest in three days.
Gold futures for December delivery fell 0.6 percent to settle at $1,723.60 an ounce at 1:39 p.m. on the Comex in New York, after reaching $1,736, the highest since Nov. 12. The price has gained 10 percent this year.