Banking Fears Unsettle Euro
Banking Fears Unsettle Euro
There has been a potentially important shift in market sentiment, at least in the short term, with the US currency gaining support from more favourable US economic data. In part, this reflects the fact that the US currency has gained support from higher yields and improving yield spreads. There will still be […]
Ireland Downgrade Rocks Euro
Ireland Downgrade Rocks Euro
U.S. Dollar Trading (USD) continued where it left off on Friday and gained heavily against most currencies. Stocks were mixed, as were metals with Oil bouncy but copper struggling under heaving profit taking. Markets were quieter than usual with Australia away during the Asian session. Crude Oil finished down -$0.38 at $68.05. […]
Aussie, Euro Surges vs USD
Aussie, Euro Surges vs USD
The dollar tumbled sharply against the Aussie, falling past the 0.80-handle for the first time since October. The greenback also struggled versus the euro, slipping to 1.4168 and the sterling, falling just shy of the 1.62-level. Crude oil extended gains, edging up past the $66 per barrel level while US equity […]