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)

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  2. 7% borrowing cost seems like alot

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

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  4. bail one out and then everyone wants bail out

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  5. Alright, got to keep my eyes on this

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

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