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Dollar advances as Euro takes a step back.

News Date: 3/11/2015 09:47:58
 

 European shares were in the red, pulled down by the deepening emission scandal for Volkswagen, and a 9% fall in the UK bank Standard Chartered. The pan-European index FTSEurofirst 300 fell 0.10%, while Britain's FTSE index fell 8 points, or 0.12% to 6,354. Germany's DAX index fell a heavy 44 points, or 0.41% to 10,905. France's CAC index lost 6 points, or 0.13% to 4,909.

 

Wall Street opened lower, with S&P 500 slipping 3 points, or 0.15% to 2,101, NASDAQ fell 5 points, or 0.11% to 5,121. Dow Jones fell initially before recovering, to trade at 17,837, up 0.06%.    

 

Dollar was up, with its index DXY gaining 0.38% to 97.37. It rose 0.49% against Euro to 1.0963. Against Sterling it gained 0.29%, to trade at 1.5373. It rose a similar 0.29% against Yen to 121.10.

 

Euro was in a retreating mood, pulled down by a survey showing that unemployment in Spain has risen by 82.3K in October. It last fell 0.20% against Sterling to 0.7131. It lost 0.18% against Yen to 132.78.

 

Crude oil prices rose solidly, with Brent futures for December gaining 66 cents, or 1.36% to $49.45 a barrel. U.S. futures rose to their highest level in two weeks, gaining 87 cents, or 1.89% to $47.02 a barrel.

 

The rise in oil prices didn't help the Canadian dollar however, it fell 0.35% to C$1.3140 per dollar. Australian dollar soared after Australia's central bank kept its interest rate unchanged; it touched a one-week high at $0.7216 before easing back to $0.7162.

 

 Gold futures fell to their lowest in a month, at $1,124 an ounce, down 1% for the day. Silver futures lost 12 cents, or 0.83% to $15.27 an ounce.

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