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

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12 comments:

  1. GenericMarch 6, 2011 at 5:04 PM

    Your smart =)

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

    ReplyDelete
  2. ChefJRHMarch 6, 2011 at 5:12 PM

    Thanks for the information.

    ReplyDelete
  3. MonkeyBizzMarch 6, 2011 at 5:23 PM

    nice awesome guide, followed :)

    ReplyDelete
  4. ebm93March 6, 2011 at 6:16 PM

    Oh, interesting

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  5. edMarch 6, 2011 at 7:47 PM

    7% borrowing cost seems like alot

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  6. Aaron M. GipsonMarch 6, 2011 at 8:08 PM

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

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  7. The Awesome AlienMarch 6, 2011 at 11:02 PM

    bail one out and then everyone wants bail out

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  8. obiMarch 6, 2011 at 11:22 PM

    cool thanks for the info.

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  9. UnknownMarch 7, 2011 at 12:19 AM

    interesting development

    ReplyDelete
  10. Anonymous.March 7, 2011 at 3:23 AM

    I wish I understood this.

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  11. AnonymousMarch 7, 2011 at 5:25 AM

    Alright, got to keep my eyes on this

    ReplyDelete
  12. KhorneMarch 7, 2011 at 8:02 AM

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

    ReplyDelete

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