06 August 2010

Financial Market Team update (English)

U.S. unemployment was higher than expected, and German industrial production fell in June. Markets fell in America and Europe. (Read about this in Bloomberg.)

The dollar reached its lowest point of the year against the yen, and is approaching a 15-year low against the Japanese currency.

WTI oil prices fell along with the Western markets, but remained near their highest level since May.
Gold continued to rise, reaching its highest price in a month.
Russia banned wheat exports, making wheat prices reach their highest level in two years. The move “caught traders and food producers by surprise”, says FT ($).

Patrick Signoret and Georgina Lara

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