The Euro weakened against
the US dollar on Thursday pressured by worries about the banking sector,
Spain and the US economic data disappointing which pushed the euro to a
low level 23 of the new moon, which also hit Wall Street to be closed
down. Crude oil prices drop after US crude oil
supplies surged to a high level in almost 22 years last week while gold
closed flat, but the biggest monthly decline since headed last December.
Economic
Data today is AIG manufacturing index of capital spending from
Australia, Japan, manufacturing PMI from China, retail sales, SVME PMI
from Switzerland, manufacturing PMI from United Kingdom, jobless rate
from the European zone, non-farm payrolls, jobless rate, personal
spending, the ISM manufacturing PMI.
EUR/USD closing 1.2363, high, low, 1.2428 1.2335 XAUUSD C:1562.45, H:1573.05, L:1552.55, CO-S c: 86.50, H: 88.28 L: 85.86. Dow C: 12383, h: 12479, L:12307
Posted in: 2012,Market Review of the US June 01