The Euro weakened against the
dollar on Monday heading for the worst monthly performance since
December, depressed by news that Spain's return to recession and the
weakening of the economic momentum in the United States.
The
price of gold go up as the improving outlook appeared to add to last
week's gains, while oil prices and Wall Street down as data showed a
fall in recession Spain back in the first quarter and slowing down
business activity in the US Midwest.
Economic
Data today is AIG manufacturing index of Australia interest rate
decision and the statement of the RBA, manufacturing PMI from China,
manufacturing PMI from the United Kingdom, the ISM manufacturing PMI,
construction spending in the US, as well as the reports of earnings from
BP, Pfizer, Sirius XM Radio, Broadcom, CBS, Chesapeake Energy, and
Motorola Mobility.
EUR/USD 1.3266 1.3240 closing, high, low, 1.3206 XAUUSD C:1665.20, H:1665.85, L:1644.95, CO-S c: 104.89, H: 105.16 l: 103.88. Dow C: 13155, H: 13198, L:13119.
Posted in: 2012,and Motorola Mobility,BP,Broadcom,CBS,Chesapeake Energy,Market Review of The U.S May 01,Pfizer,Sirius XM Radio