FUTURES $US takes dip
United States dollar futures were down 220 points ($1100) in the October contract at yesterday’s close, compared with the Wednesday close.. The fall reflected the continuing strength of the kiwi dollar, which rose slightly in late trading. Wool futures were slightly firmer, perhaps because of the slight finning in prices at yesterday’s Napier wool sale. Dr Brent Layton, of Marshall Futures, said the Wool Board had propped up the market at the sale, buying a sizeable portion of the offering, and bidding on much more. PCP (interest-rate) contracts were weaker, with October
down 20 points from close to close, November down nine points, and December down eight. Dr Layton advises investors to sell November and December. Details of yesterday’s trading:
JUS CONTRACTS Mth Open H/L Last Vol Oct 1.7680 7725/7520 7520 30 Nov 1.7950 7975/7760 7780 29 Contracts traded: 59
WOOL FUTURES Mth Open H/L Last Vol Oct 473 474/473 474 5 Dec 485 485/485 485 1 Jan 489 489/489 489 5 May 511 511/511 511 5 Aug 528 528/528 528 4 Dec 528 528/528 528 2 Jan 529 529/529 529 1 Mar 536 536/536 536 3 Contracts traded: 26 COMMERCIAL BILLS Mth Open H/L Last Vol Oct 7310 310/290 290 21 Nov 7417 427/410 410 33 Dec 7600 605/590 590 56 Mar 7610 610/607 607 12 Jun 7950 950/950 950 1 Contracts traded: 123
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Press, 11 October 1985, Page 14
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229FUTURES $US takes dip Press, 11 October 1985, Page 14
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