Wednesday, 22 Feb 2012
Fears that Greece could still default on its debt despite Monday’s approval of a bailout package led to risk aversion in the markets yesterday. The euro largely reversed earlier gains against both the USD and JPY as a result. Today, in addition to any euro-zone announcements regarding Greece, traders will [...]
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In Asian trading the dollar block currencies and commodities were noticeably higher with Asian bourses climbing, signaling a potential rebound in the “risk-on” trade.
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Wednesday, 25 May 2011
A rebound in risk appetite spurred by stronger US economic data helped to weaken the safe haven currencies of the US dollar and the yen. The dollar block currencies recovered off of previous lows following Monday’s flair up of the Greek debt crisis and weak [...]