Risk Aversion Returns, Euro Slumps

05:02 |

Risk currencies take a hit and Spain's troubles dent the euro - it's time for your FX Fix.
Worries that Spain will need a bailout pushed the euro to its lowest level in over two years. [CNBC]
The Australian and New Zealand dollars ran into profit taking and investor jitters about Spain. [CNBC]
With risk-sensitive currencies taking a hit along with crude oil prices, the Canadian dollar fell against the buck. [fxstreet.com]
Weakness in the euro pulled the yuan down to a nine-month low against the dollar. [CNBC]
Worries over the euro zone and the economic slowdown in China are putting pressure on Asian currencies like the South Korean won. [corporate-fx.co.uk]
Japan's finance minister issued a warning - again - about the strong yen.
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1 comments:

Unknown said...

The main variation between the Euro and the US Money is time. US dollar has been all over in movement much extended, therefore it is considered as more efficient.

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