The benchmark S&P 500 slipped 0.5 percent for the week. In an indication of the rally’s strength and consistency, that was the S&P’s worst performance since the last week of December.
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Saturday, 24 March 2012
DOLLAR
The dollar fell on Friday to three-week lows versus the euro and the Swiss franc as the dollar’s break of technical support against a basket of currencies triggered stop-loss sell orders.
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EURO
The euro appears to be stuck in a trading range and our house view is that it would go gradually lower to $1.20 in 12 months,” he added.
NYMEX CRUDE
In New York, the May COMEX contract climbed 4.30 cents or 1.1 percent to settle at $3.8085 per lb, after dealing between $3.7625 and $3.8250.
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