FUTURES All contracts down
U.S. dollar contracts dived and the interestrate indices fell again on the futures market yesterday. Trading volume rose in all contracts, perhaps because futures, thriving as always on volatility, were reacting to the foreignexchange market. In Wellington, the New Zealand dollar topped 55 U.S. cents on the exporter (buy N.Z. currency) side, Mr Geoff McDonnell, futures manager of Mair Astley, pointed out. The U.S. dollar futures contract closed 200 points down ($lOOO to those long — with buy positions) in February, and 180 points ($9OO down) for March, compared with the Monday closing prices. Wool contracts, said Mr McDonnell, were down about 4c across the board, reacting to the strengthening currency. The PCP (interest-rate) contacts index was down again, Mr McDonnell said. The February close was down 15 points on the Tuesday close, and the March close was down nine points. Details of yesterday’s sales:
Contracts traded: 60 Open positions at February 10: Feb 305, Mar 14, June 3, Sep 2, total 324 (up 6).
Contracts traded: 259 Open positions at Feb 10: Feb' 235, Mar 1094, Apr 318, Jun 114,
Sep 72, Dec 17, total 1850 (down 112).
Open positions at February 10: Mar 142, May 366, Aug 201, Oct 209, Dec 210, Jan 221, Mar 310, May 220,- Aug 36, total 1915 (up 32).
sus CONTRACTS Mth Open H/L Last Vol Feb 1.8600 .8600/300 .8460 47 Mar 1.8540 .8580/450 .8580 13
COMMERCIAL BILLS Mth Open H/L Last Vol Feb 7600 618/600 609 107 Mar 7610 620/600 612 118 Apr 7700 705/700 700 29 Jun 7950 950/950 950 5
WOOL FUTURES Mth Open H/L Last Vol Mar 492 492/492 492 6 May 509 509/506 507 5 Aug 522 522/522 522 1 Oct 523 523/523 523. 2 Dec 523 524/522 524 12 Jan 525 525/523 524 8 Mar 530 530/528 528 9 May 533 533/533 533 7 Aug 544 544/544 544 1 Contracts traded: 51
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Press, 12 February 1986, Page 38
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318FUTURES All contracts down Press, 12 February 1986, Page 38
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