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Forex Market Update
Monetary-policy expectations were the dominant drivers of the foreign-exchange market Tuesday, as traders sold euros, yen and Canadian dollars and bought the greenback ahead of central-bank meetings in Canada, Japan and Europe later in the week.
Currency traders were unfazed by stronger-than-expected growth in gross domestic product out of China and resurgent Japanese stocks. The dollar USDJPY, -0.85% traded at ¥118.7710 in recent trade, its highest level against the yen in a week, down from ¥117.81 Monday afternoon.
The U.S. dollar USDCAD, -0.25% traded as high as 1.2115 Canadian dollars, compared with 1.20 Canadian Monday.
The euro EURUSD, +0.15% traded at $1.1554, compared with $1.16 Monday afternoon. It hit an 11-year low around $1.1480 Monday.
Currency traders were unfazed by stronger-than-expected growth in gross domestic product out of China and resurgent Japanese stocks. The dollar USDJPY, -0.85% traded at ¥118.7710 in recent trade, its highest level against the yen in a week, down from ¥117.81 Monday afternoon.
The U.S. dollar USDCAD, -0.25% traded as high as 1.2115 Canadian dollars, compared with 1.20 Canadian Monday.
The euro EURUSD, +0.15% traded at $1.1554, compared with $1.16 Monday afternoon. It hit an 11-year low around $1.1480 Monday.
Natural Gas Market Update
Midwest thaw hits natural gas: Natural gas prices for February NGG15, +3.43% dived 30 cents, or 9.6%, to settle at $2.83 per million British thermal units.In other energy trading, Nymex reformulated gasoline blendstock for February RBG5, +0.99% — the benchmark gasoline contract — fell 5 cents, or 3.7%, to settle at $1.31 a gallon.
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