Pages

Dollar pulls back against yen, steadies against euro

Wednesday, 31 December 2014

The dollar lost ground versus the Japanese yen Tuesday, giving back recent gains as an upbeat year for the U.S. currency draws to a close.

Versus the yen, the dollar USDJPY, +0.16%  traded at ¥119.56 from ¥120.69 late Monday in New York. The U.S. currency has climbed 13.6% against the Japanese currency this year.

The euro EURUSD, -0.01%  meanwhile continued to plumb two-year lows versus the dollar, fetching $1.2155 in recent action, little changed from $1.2153 late on Monday. It has slumped 11.6% against the greenback this year.

The WSJ Dollar Index BUXX, -0.05% a measure of the dollar against a basket of major currencies, fell 0.42 point to 82.64. The ICE dollar index DXY, +0.02%  , a measure of the U.S. unit against a basket of six major rivals, slipped to 89.992 versus a late Monday level of 90.207.

The pound GBPUSD, +0.00%  exchanged hands at $1.5555, compared with $1.5518 on Monday.


Gasoline Market Update


Nymex reformulated gasoline blendstock for January RBF5, -0.56%  — the benchmark gasoline contract — was fractionally higher to settle at $1.45 a gallon.

Copper Market Update


High-grade copper for March delivery HGH5, -0.07%  rose 3 cents, or 1.1%, to settle at nearly $2.86 a pound. Copper futures recently fell to their lowest level since June 2010.


Silver Market Update

Silver for March delivery SIH5, -0.16%  rose 50 cents, or 3.2%, to settle at $16.28 an ounce.

Platinum for April delivery PLJ5, -0.12%  rallied $16.60, or 1.4%, to settle at $1,219.30 an ounce. Palladium for March delivery PAH5, +0.30% declined $7.80, or 1%, to settle at $804.20 an ounce.


Gold settles back above $1,200 an ounce

Gold prices turned higher on Tuesday to top $1,200 before the final trading day of the year, more than reversing Monday’s losses.

Gold for February delivery GCG5, +0.11%  advanced $18.50, or 1.6%, to settle at $1,200.40 an ounce, after touching a high on the session of $1,210.90 an ounce.