The Australian equity market is pointed to a slightly weaker start to the trading day after the US equities finished the week slightly in the red in an illiquid lackluster session.
The Dow finish the session down 2.73 points at 12977.57 while the S&P500 index slid 4.46 points to finish the day at 1369.63.
The euro continued to fall against the majority of its trading counterparts after a liquidity injection by the European Central Bank failed to convince investors that the regions crisis is fading. EURUSD (see above chart) traded down from highs on Friday of 1.3305 to recent lows of 1.3187.
The Canadian dollar has continued to strengthen against the USD on speculation that accelerating global growth will boost the nation's exports, bolstering the need for interest rate increases.
WTI oil prices eased from Thursday's spike following news the reports of a Saudi pipeline explosion were said to be false. WTI has traded down from highs of 109.05 to as low as 105.92.
Gold capped its biggest weekly loss since the middle of December as the stronger USD lowered the appeal of the precious metal as an alternative investment. Gold has finished the week down 3.7 per cent at 1712.60
The Volatility Index which is widely considered the best gauge of fear in the market traded down to 17.29.
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