Tuesday, February 22, 2011

EUR/USD

Dollar is again intraday positive against major rivals, except CHF and JPY, as risk aversion triggered a return to safe havens following Libya political turmoil. In fact, the turmoil is spreading over the Middle East and North of Africa since one month ago, with the Egyptian crisis. The flight to safe havens has took EUR/USD below 1.3660, despite early comments of a possible rate hike in the euro zone keeps the cross barely below daily opening.

GBP/USD approaches to 1.6100 daily low while Aussie slide extended below parity against the greenback. Swiss Franc and Japanese yen are broadly higher, as USD/CHF remains below 0.9400 while USD/JPY reaches a fresh daily low around 82.76; with US Treasury yields sharply lower, as well as indexes, run to safe havens seems meant to extend over the upcoming sessions.

source: http://www.fxstreet.com


15 comments:

  1. damn, that egypt crisis really had a big affect on the rest of the world

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  2. Thanks for the good information as always.

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  3. Good post man, a friend of mine is coming to visit me soon from the US so working out how much spending money in GBP she'll have is so much simpler.

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  4. So would you consider the yen a safe currency to play with right now?

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  5. not surprised, us still remains one of the safer places

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  6. I see, im going to read some of your posts for my university research

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  7. Thanks for the info, what about the oil?

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  8. Thanks for keeping me up to date.

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  9. i wonder if oil will hit 2008 levels this year...

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  10. My main source of financial information, here.

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  11. this thing that hit egypt is big. they don't mess around

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