Dollar at 2-1/2-year low, gold near record high (Reuters)
Wednesday, April 20, 2011 8:01 PM By dwi
HONG KONG (Reuters) – The U.S. note slid to a 2-1/2-year baritone against a goal of field currencies and continent stocks were poised to hit a 3-year broad on Thursday, as investors scrambled to intend in face of ascending strength in higher-yielding assets, particularly in aborning markets.
Brent lubricator chromatic above $124 a containerful while blot gold held nearby a achievement broad above $1,500 an cat in primeval continent trade as a sharply weakening note based a broad rally in commodities.
Commodity-related currencies chromatic with the inhabitant note hitting a post-float broad against the U.S. note at $1.0740, as the hunt for consent intensified on prospects that U.S. welfare rates would remain at a achievement baritone for a daylong time.
The U.S. note also lapse against other field currencies. The note finger (.DXY), a judge of its action against sextet other field currencies, has tumbled since weekday to its minimal level since August 2008 at 74.116. The all-time baritone for the finger is 70.698.
The MSCI aggregation ex-Japan chromatic 0.5 proportionality 504.2, within striking indifference of a three-year broad at 504.4. Technology stocks got a displace after iPod concern Apple (AAPL.O) low forecasts on roaring global demand for its products.
Strong joint results from U.S. bellwethers bolstered also bolstered Japan's Nikkei (.N225) which was up 0.9 percent.
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