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The U.S. dollar traded near levels not seen since 2007 against the Japanese yen on Monday, in the wake of last week’s strong data out of the U.S. and a big stimulus package out of Japan.
The WSJ Dollar Index BUXX, +0.24% a measure of the dollar against a basket of major currencies, was up 0.2% to 78.96. The ICE Dollar Index DXY, -0.02% rose to 86.10 from 86.907.
The euro EURUSD, -0.02% fell to $1.2505 from $1.2526 late Friday, but broke the Oct. 3 low of $1.2501, noted Christ Weston, chief market strategist at IG in a note.
Nymex reformulated gasoline blendstock for December RBZ4, -0.61% --the benchmark gasoline contract--fell 58 points to $2.1420 a gallon, while December diesel traded at $2.5130, 21 points higher.
ICE gasoil for November changed hands at $748.50 a metric ton, up $6.75 from Friday’s settlement.
Crude-oil futures were under pressure in Asian trade Monday from a stronger U.S. dollar and weak Chinese manufacturing data. Saudi Arabia’s upcoming December price announcements will likely set the tone for markets this week.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ4, -0.52% traded at $80.23 a barrel, down $0.31 in the Globex electronic session. December Brent crude LCOZ4, -0.63% on London’s ICE Futures exchange fell $0.17 to $85.69 a barrel.
January platinum PLF5, -0.06% gave up $7.60, or 0.6%, to $1,227.60 an ounce, while December palladium PAZ4, +0.56% rose $4.45, or 0.6%, to $796.25 an ounce. High-grade copper for December delivery HGZ4, -0.11% didn’t move, hovering around $3.05 an pound.
Gold failed to right itself on Monday, drifting lower again after getting hammered down to levels not seen since 2010 in the prior session.
At last check, gold for December delivery GCZ4, -0.17% lost $4.80, or 0.4%, to $1,166.80 an ounce. It was much uglier for December silver SIZ4, -1.03% which shed 24 cents, or 1.5%, to $15.87 an ounce.
