Daily Metals Insight 9-Jun-2009
    (Ventura Securities Ltd)
Summary
Asian stocks fell, led by commodity and finance companies, on concern a three-month rally had overvalued earnings prospects.

Yesterday the U.S. Dollar Index, a six-currency measure of the greenback’s value, has surged 2 percent since June 4.

Today the Dollar Index, a gauge of the U.S. currency against those of six major trading partners, fell as much as 0.3 percent to 80.702, paring yesterday’s gain, which had been driven by speculation the Federal Reserve may raise interest rates by the end of the year as the economy recovers.

Better-than-expected U.S. economic data helped raise sentiments across financial markets.
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