FUTURES $US contracts down $l000
U.S. dollar contracts dropped 200 points—-about slooo—on the futures market yesterday. The fall reflected the new post-de-valuation high for the N.Z. dollar yesterday on the foreign-exchange market. In the interest rate contracts (prime commercial bills), it was a day of quiet trading after high turnover on Monday. Mr Alan Overton, of Mair Futures, Christchurch, said it looked as if 7500 points would be an important mark in the September contract. The trading range was narrow, and the market largely closed at Monday’s lows. The wool contracts stirred yesterday, with 95 trades, compared with only 15 on Monday. Prices were
easier. They are down about 7c in the last week, generally. Details of trading yesterday:
SUS CONTRACTS Mth Open H/L Last Vol Aug 1.8960 9100/8950 9080 49 Sep 1.9300 350/300 350 16 Contracts traded: 65 COMMERCIAL BILLS Mth Open H/L Last Vol Aug 7465 450/50 450 19 Sep 7510 520/10 518 20 Oct 7610 615/08 613 18 Dec 7798 798/98 798 1 Contracts traded: 58 WOOL FUTURES Mth Open H/L Last Vol Oct 512 512/2 512 11 Dec 512 513/12 512 5 Jan 513 513/12 512 14 Meh 521 522/20 521 21 May 530 530/25 525 24 Aug 546 546/43 544 16 Oct 544 544/43 544 4 Contracts ; traded: 95
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Press, 7 August 1985, Page 36
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214FUTURES $US contracts down $l000 Press, 7 August 1985, Page 36
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