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TDUX
Aug 05 - 10:55 PM

Gold - USD/THB Eyes 33.0 Test, Lower Oil, Higher Gold Weighs

By Catherine Tan  —  Aug 05 - 08:40 PM

• USD/THB opens lower, slide in USD and oil prices weigh

• Pair traded 33.09-33.18 range in NY, closed at 33.13

• Support at 33.0 eyed, break risks 32.80, 32.50

• Rally in gold prices may add to selling pressure in pair; spot last $4289/oz

• Base of 21days BB and fear of agents buying likely to limit falls

• USD falls ahead of US payrolls, DXY last 99.66, ranged 99.63-90 overnight

• Optimism on Iran talks weigh on the dollar

• Brent crude last at $79.25/bbl, WTI at $74.88/bbl

• UST yields sideways, 2yr at 4.19%, 10yr at 4.61%

• Stocks mixed with Nasdaq down
THB


(Catherine Tan is a Reuters market analyst. The views expressed are her own.)

Source:
London Stock Exchange Group | Thomson Reuters
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