Pakistan Telegraph
PakistanTelegraph.com Friday 30th July 2010 Volume 3006/8
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    Wall Street sidelined by dollar fall
    Pakistan Telegraph
    Friday 12th March, 2010  


    The U.S. dollar was sharply weaker Friday as stocks drifted sideways.
    U.S. stocks were rebuffed Friday as investors focused on a sharply weaker dollar.

    A better-than-anticipated retail sales figure, an increase of 0.30% in February over January, buoyed markets but commodity-related stocks fell in line with the dollar. Gold and oil, and commodities generally were softer.

    At the close of trading Friday the Dow Jones Industrials were up 12.85 points or 0.12% at 10,624.69.

    The Nasdaq Composite was down 0.80 of a point or 0.03% at 2,367.66.

    The Standard and Poor's 500 was down 0.26 of a point or 0.02% at 1,149.98.

    On forex markets around the New York close Friday the euro was sharply higher at 1.3759. The British pound strengthened to 1.5184, while the Swiss franc was higher at 1.0581.

    The Australian dollar firmed to .9153, and the Canadian dollar to 1.0182. The Japanese yen was little changed at 90.40.

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