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NYSE Market Information  > Bond Market  >  Monetary Policy  > Banking  Portal  > Money & Financing Rates

Global Financial Markets:
OIL  USD $44..49 GOLD  USD $816.60 S&P 500 USD
873 		EURO
 USD
1.316
Looking Forward To A Prosperous New Year.
[Most Recent Exchange Rate from www.kitco.com]
The US dollar is broadly higher in thin holiday markets as the few traders that are at their desks take profits on their long euro and yen positions. The currencies are very choppy this morning and spreads are wide, as there is little liquidity. Monday will be the first real trading day of 2009. The euro is trading just above 1.39, as it has corrected off a recent high of 1.47. Expectations are growing that the ECB might soon be forced to deliver another interest rate cut to buffer the slowing European economy. The Japanese yen is back to more than 91 yen to the dollar after reaching as high as 87 in December. The yen gained considerably on carry trade unwinding, and with that seeming to have run its course, it wouldn't be surprising to see the yen continue to give up ground, especially against the high-yielding currencies like the Aussie and Kiwi dollars. Some analysts expect The Bank of England to lower rates.  LIBOR (London Interbank Offered Rates) to Treasury interest rate spreads are increasing. Barclays Capital is estimating the mix of currencies for a UAE international "basket" to take the form of 33% EUR, 33% Asian trade-weighted currencies (whose rates are still heavily linked to the USD) and 33% related directly to the USD itself. Thus, the UAE central bank could be a FX buyer of as much as 7 billion EURUSD.  The UAE has moved away from a USD peg.  
U.S. Federal Reserve Minutes  - Economic Release Calendar
Political debates spawn needed dialogue on economy.

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