Range Rut

Last Update: 06-Nov-09 15:04 ET

10-Yr: +06/32..3.501%.. USD/JPY: 89.9450.. EUR/USD: 1.4834Range Rut:The dollar has been able to hold small gains in an extreme tight range, with the index running near 75.80 for the latter part of the day. The euro is lower ticking around near 1.4840 on the buck while slipping on the yen as it gets the bulk of the safe-haven buyers. The yen is holding near 89.90 while giving up 133.50 per euro from near 135. The week ahead could get dicey for the dollar, with little to cling to as the market skates through Treasury auctions, and, unless the massive amount of supply really drags on the bonds, knocking up yields significantly, the buck could get dinged back to the low 75 level. Gold was able to stay on top but also sank into a late day range, now 1094.20 (+3.90) while crude was drilled lower as jobs dry-up so do demand expectations.
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