All quiet
06 July 2004 | Investments | General | Angelo Coppola
Nico Kelder reports that the currency weakened against the majors with the largest decline against the dollar as the latter strengthened against the euro.
Bond yields weakened further yesterday as the currency declined. Commodities were mixed with gold and platinum declining on the back of the stronger dollar while oil gained 2.4%.
A nocturnal petrol price decline (!) and a slightly weaker rand and a higher oil price may dampen future petrol price cuts. European markets and US markets closed around 1% weaker.
The Far East is extending the weaker trend indicating that local markets could succumb to the international weakness.
