From the daily archives: Thursday, February 4, 2010
Feb. 4 (Bloomberg) — The euro tumbled to an almost one- year low against the yen and the least versus the dollar since May on concern some European nations’ will be unable to reduce surging budget deficits.
Continue Reading →The forex.com/category/yen/”title=”yen” >Yen soared as concerns over Spain’s credit rating and a rise in U.S. initial jobless claims sparked broad based risk aversion. The yen has regained its top status as a funding currency which has made risks trends more prevalent in determining price action.
Continue Reading →I remain short AUD/USD since yesterday with a profit target at 85 and I expect more Australian dollar weakness going forward as risk-aversion takes over the market sentiment. This week, the Reserve Bank of Australia left its benchmark interest rate unchanged. The market had been pricing a rate hike and the [...]
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