Tuesday, 30 June 2009

Asian markets advances on commodities and oil; Dollar under pressure

Stocks in Asia are rising today's Tuesday session on commodities and oil higher, extending its record quaterly gains and Wall Street yesterday's gains. Oil prices climbed close to $73.00 a barrel as Nigeria's installations attacks and lower Dollar. Dollar is under pressure, losing ground against the rest of the majors.

Nikkei-225 Stock Average is climbing 2.00% so far today and the index is going toward the 10,000 pts level and MSCI Asia Pacific Index rises 1.2 percent. Wall Street posted gains yesterday, with Dow Jones rising 1.08%, consolidating above the 8,500 pts level, S&P 500 advanced 0.91% and Nasdaq post 0.32% increases.

Oil barrel is trading around $72.80 after climbing above $73.00 on Nigeria attacks on oil installations and Dollar helped push prices to eight-month highs.

EUR/USD has risen 0.25% so far today to post 3-week high, GBP/USD has climbing 1.00% today to reach 1.6733 as 8-month high.

USD/JPY has decreased 0.50% so far today to ease yesterday's gains and trade below 96.00, USD/CHF has fallen below 1.0800 to post intra-week low at 1.0778.

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