Forex Focus is brought to you by IG Markets - Forex Trading
HISTORICAL DETAILS
% Change
1 Wk 0.29
1 Month -0.94%
3 Months -1.85%
6 Months 5.84%
1 Year 8.65%
52 WEEK
High 1.4940
Low 1.2588
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.45
Q3 2011 1.43
Q4 2011 1.41
Q1 2012 1.41
DAILY DETAIL
During Friday’s session, the euro continued its recent weakness, falling on the back of continued concerns about the global economy as well as slumping US consumer sentiment, which fell to its lowest level since March 2009. These negative catalysts (along with a weaker-than-expected empire state manufacturing survey) saw investors shun risk currencies in favour of gold, which surged to an all-time record high of just under US$1600 per ounce. Ending the Australian session around the 1.4160 level, the euro hit an overnight low of 1.4096, before paring some of its losses to close at 1.4157. With Asian markets trading lower today, the euro’s negative momentum has resumed; the currency is once again slumping below the 1.41 mark to a current level in the 1.4070 range. Cameron Peacock, Australia
No comments:
Post a Comment