Archive for March 9th, 2010
The fragmented price action in the forex markets reflect the sharp disparity between what is happening in the North America and Asia with that of Europe. The dollar traded lower against all of the major currencies except for the euro and British pound. Growing concerns about fiscal deficits has scared investors from putting [ READ MORE ]
The stability in the forex on Monday was short-lived as comments by ratings agencies sent investors back into the safety of U.S. dollars. [ READ MORE ]
Risk FX drifted lower in Asian and early European trade as worries over Southern European sovereign debt continued to dog the EUR/USD while cable suffered from a slew of negative data that pushed the unit back below the 1.5000 level. The Aussie was the only risk currency to hold its ground as data [ READ MORE ]
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