Sunday, March 6, 2011

FOREX

All major pairs are trading near their NY closing levels from Friday, after having a very quiet start of the week in the interbank trade. EUR/USD is marginally higher but still capped by 1.4000, AUD/USD sits at 1.0140, USD/JPY can be found at 82.30, GBP/USD stays at 1.6270.

Over the weekend, the new Irish government vowed to seek a fresh EU/IMF bailout deal. BoE's King remains a ‘hawk’ on inflation, the governor told the Daily Telegraph in an interview. Rumours intensify that Portugal's 7% borrowing cost is too much of a burden and that a rescue package may be negotiated within weeks.

source: http://www.fxstreet.com

12 comments:

  1. Your smart =)

    Will try investing into currency, gotta wait for when the economy is really bad though X)

    ReplyDelete
  2. nice awesome guide, followed :)

    ReplyDelete
  3. 7% borrowing cost seems like alot

    ReplyDelete
  4. So what happens if Portugal's debt is considered to be too high? Does Bank of America then own it?

    ReplyDelete
  5. bail one out and then everyone wants bail out

    ReplyDelete
  6. Alright, got to keep my eyes on this

    ReplyDelete
  7. I'll follow this, just to keep up to date.

    ReplyDelete