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HISTORICAL DETAILS
% Change
1 Wk 0.05%
1 Month -0.81%
3 Months -2.97%
6 Months 5.04%
1 Year 9.98%
52 WEEK
High 1.4940
Low 1.2588
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.45
Q3 2011 1.43
Q4 2011 1.43
Q1 2012 1.42
DAILY DETAIL
The last few sessions of trading has seen the euro caught in a tug-of-war between the ‘lesser of two evils’ debt crises. Facing downdrafts from the well-documented European sovereign debt issues, the euro has been artificially supported by USD weakness. With USD default risk set to be priced out of the world’s reserve currency, and risk currencies potentially set to see some weakness as US double dip recession fears resurface, the euro could come under some near-term selling pressure. Having closed Friday’s US session at 1.4398, the euro has traded marginally lower for most of the Asian session, currently sitting at 1.4385. Cameron Peackock, Australia
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