Foreign Exchange Update 12/31/15

Currencies


The U.S. dollar (USD) is generally stronger today but still mixed against many currencies. European currencies are generally weaker with the euro at its lowest level for the week but still consolidating above key resistance near $1.0880. Emerging market currencies are mixed with India and many Latin American currencies slightly stronger while Asian and Eastern European currencies are weaker.


Stocks, Bonds, and Commodities


Asian equities were mixed with Chinese and Australian equities weaker but Japan and India were stronger. European equities are all in the red and U.S. equities are opening about 0.60% weaker. G7 short and medium interest rates are generally lower on the day. U.S. 2-year and 10-year yields are both down by 2 bps today at 1.05% and 2.28% respectively. Commodity prices are weaker with oil and copper down again but iron ore prices are higher in five of the past six sessions. Gold is near unchanged at $1,063.00.

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This report is for general information and education only and was compiled from data and sources believed to be reliable.  DAJK GROUP does not warrant that it is accurate or complete.  Opinions expressed and estimates or projections given are those of the authors as of the date of the report with no obligation to update or notify of inaccuracy or change.  This report is not a recommendation or an offer or solicitation to buy or sell any financial instrument discussed.  It is not specific investment advice.  Financial instruments discussed may not be suitable for the reader.  Readers must make an independent investment decisions based on their own investment objectives and financial situations. Prices and financial instruments discussed are subject to change without notice.  Instruments denominated in a foreign currency are subject to exchange rate and other risks.