Democratic Underground - daily dollar watch

http://quotes.ino.com/chart/?s=NYBOT_DXY0

Last trade 82.48 Change -0.49 (-0.59%)

Settle 82.97 Settle Time 23:33

Open 82.94 Previous Close 82.97

High 82.96 Low 82.41

Last tick: 2004-11-24 07:30:28 ET
30-min delayed quote.

http://futures.fxstreet.com/Futures/news/afx/singleNew.asp?menu=economicnews&pv_noticia=MTFH46575_2004-11-24_12-46-09_N24169698

U.S. stock futures steady before flow of data

excerpt:

Trading was expected to be light and volatile ahead of the Thanksgiving holiday. U.S. stock markets will be closed Thursday and will have a truncated session on Friday.

The dollar remained center stage as it hit a fresh all-time low against the euro <EUR=>, a 12-year low against the Canadian dollar <CAD=> and a near nine-year low against the Swiss franc <CHF=>.

A weaker dollar can help U.S. companies, improving their offshore earnings when converted back to dollars and making them more competitive against other producers.

However, investors can also be reluctant to buy U.S. assets if they expect the currency to continue to weaken and reduce the value of those investments.

Both equity and currency markets will be looking to data, with sales of durable goods in October expected to have risen 0.5 percent from the previous month when the figures are released at 8:30 a.m. (1330 GMT).

Also coming at 8:30 a.m. are weekly jobless claims which are seen little changed at 335,000, while the final reading of the University of Michigan's November sentiment index, due at 9:45 a.m. (1445 GMT), is expected at 96.

Weekly U.S. government oil inventory data due at 10:30 a.m. (1530 GMT) is expected to show that rising refinery rates have topped up supplies of heating oil and diesel.

...more at link...

Are we having turkey early?

Have a Great Day Marketeers!

(edited 'cuz I hit that post button too early!)

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