Tuesday, March 22, 2011

EUR/USD 1,4242

The FX market has just taken a breather on Tuesday, ignoring the strong rise in Nikkei, which is trading over 3.8% up; the trade has been pretty quiet, not paying that much of attention to the military action in Libya and despite the nuclear crisis in Japan seems to be easing.

Overall, the Greenback still looks vulnerable. EUR/USD hovers near a 4-month high, and has traded into a tight range between 1.4200 and 1.4230 in Asia, while GBP/USD has moved slightly to the downside ahead of the CPI data, currently trading a few pips below 1.6300.

USD/JPY is almost unchanged on the day, presently at 80.95 , while USD/CHF is quoting little lower at the 0.9020 zone, after opening around 0.9045.

The currencies linked to commodities remain firm against the US dollar. AUD/USD holds onto gains near its weekly highs at the 1.0060 zone, while the Kiwi has advanced about half of a cent, reaching a fresh 5-day peak at 0.7390.

source: fxstreet.com

18 comments:

  1. Mannn the greenback has been vulnerable for ages now!

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  2. Still debating whether to exchange my euros for pounds...

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  3. Wii we have Euro in our country...much superior than $ :D

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  4. wait the greenback? Isn't that the currency Abe Lincoln tried to put in that wouldn't inflate?

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  5. i dont really know what these numbers mean, but i know they are not good

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  6. Glad the whole Libya conflict isn't really putting much stress on us other than Oil.

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  7. Very interesting opinion about this subject. Been not reading so much about it yet. Thanks :)

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  8. Just found your blog. It's great for at guy like me that sucks at trading. Will be following this.

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  9. Surprising that there wasn't that big of a change from this disaster.

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  10. That means That I got cheaper electronics if I go to EEUU from Europe?

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