skip to main |
skip to sidebar
The euro lost more than 3% of its value against the buck for the second straight week Friday, as the dollar’s eight-month rally resumed.
The euro EURUSD, -1.32% traded as low as $1.0465, its weakest level since January 2003.
The pound GBPUSD, -0.94% traded as low as $1.4700, its lowest level since June 2010, before both currencies staged a slight recovery.
The euro traded at $1.0634 late Thursday, while the pound traded at $1.4849.
The ICE U.S. Dollar Index DXY, +0.91% a measure of the dollar’s strength against a basket of six currencies, was up 0.76% to 100.1900 in recent trade.
May silver SIK5, +0.80% fell 2.2 cents, or 0.1%, to $15.494 an ounce — nearly 2% lower for the week.
April heating oil HOJ5, -3.75% fell 6.6 cents, or 3.7%, to $1.713 a gallon, down over 8% for the week.
April natural gas NGJ15, -0.48% fell less than a cent to $2.727 per million British thermal units. It saw a weekly decline of nearly 4%.
Nymex gasoline for April delivery RBJ5, -2.96% fell 4.7 cents, or 2.6%, to $1.762 a gallon, poised for a loss of more than 6% for the week.
Gold futures held their ground above $1,150 an ounce on Friday, finding some support as economic data cooled expectations for a Federal Reserve interest-rate increase as early as June, but prices lost 1% for the week, pressured by gains in the U.S. dollar.
Gold wavered between small losses and gains. April gold GCJ5, +0.56% climbed 50 cents to settle at $1,152.40 an ounce on Comex. For the week, it logged a loss of about 1%.
Oil futures fell sharply on Friday, to tally a weekly decline of nearly 10%, as a monthly report from the International Energy Agency raised concerns that the glut of crude supplies and tightening storage capacity in the U.S. may cause prices to weaken further.
Crude-oil for delivery in April CLJ5, -4.36% fell $2.21, or 4.7%, to settle at $44.84 a barrel on the New York Mercantile Exchange. Prices ended the week with a loss of 9.6%.
April Brent crude LCOJ5, -4.38% on London’s ICE Futures exchange shed $2.41, or 4.2%, to settle at $54.67 a barrel, with the front-month contract down 8.5% for the week.
