The currency markets remained subdued with holidays in London and Tokyo, which weakened the liquidity. The dollar index remained little changed at 79.501, after floating between the range of 79.433 and 79.527 on 5th May 2014.
Against the dollar, the euro moved between $1.3864-$1.3887 range before consolidating at $1.3875, having hugged a tight $1.3864-$1.3887 range. Against the yen, the dollar kept steady at the level of 102.15. The euro was at 141.71 against the yen
The Australian dollar was at 0.9278 against the U.S. dollar and was holding above support at 0.9250. In the commodities sector, the yellow metal, gold was strong at $1,310.71 per ounce, making it a three-week high. The positive sentiment for the metal was derived partly due to the smoldering tensions in Ukraine as gold was considered to be a safe haven among investors.
Another commodity on major focus is the crude oil. The oil prices prolonged their recent decline with the Brent crude for June delivery moving down by 8 cents at $107.64 per barrel. The U.S. crude relieved by 2 cents to stay at $99.46 per barrel.
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