The last trading day in 2011 witnesses low volume in market among investors with no major data by main economies in the world, noting that fears still remain in market regarding the European situation and the debt crises.
While The euro fell to a 15-month low against the US dollar during the last two trading days of this year as Italian bond yields rose after the nation sold less than its maximum target at an auction, highlighting funding problems amid the region’s sovereign-debt crisis.
On the other hand, in Europe DAX gained nearly 0.8% while CAC 40 inclined by 0.3%, while the euro inclined slightly trading around the 1.2980 level compared with the opening level today of 1.2961, while the pound rose nearly 120 points trading around 1.5526 level.
The yen is trading around the 77.12 level. The AUD inclined trading around the 1.0213 level. The CHF is returned to opening levels trading around 0.9373 levels, on the other hand, the USD fell trading around the 80.12 level.
By the end of 2011, gold inclined trading around the $1569.70 level from the opening at $1544.25, while oil dropped trading around the $99.13 per barrel level.
Originally posted here
