Fears of a Greek exit from the euro-zone brought the EUR/USD within range of a four-month low yesterday. Facebook dropped another $2 a share during overnight trading while crude oil is trading below $91 a barrel.
The US dollar moved up vs. virtually all of its main currency rivals yesterday, following negative data out of the UK and Japan which caused investors to shift their funds to the greenback. Read the rest of this entry »
The dollar was able to benefit yet again from risk aversion in the marketplace today, as worries about the Greek political situation caused investors to abandon higher yielding assets. Read the rest of this entry »
The euro dropped to a fresh four-month low in overnight trading as investors remain concerned about Greece’s prospects for staying in the euro-zone. The US dollar saw a slight upward correction against the yen, but was unable to advance above 80.00.
The euro fell to a four-month low against the USD in overnight trading following news that Greek politicians have once again failed to form a new government. Investors are concerned about the possibility of Greece exiting the euro-zone. Risk aversion in the marketplace also caused the AUD/USD to drop below 1.0000 in morning trading.
The euro fell to a fresh 3 ½ month low against the US dollar in overnight trading as political uncertainty in Greece continues to weigh down on the common currency. In addition, crude oil reversed its gains from yesterday afternoon and is once again trading below $96 a barrel.
The euro remained near a three-month low against the US dollar and JPY in overnight trading as investors await news regarding a possible new Greek election in the next few weeks.
Riskier currencies and commodities fell once again during Asian trading, as investors continue to react to Greek and French elections held last weekend. The EUR/USD dropped as low as 1.2964, close to a three-month low. Crude oil fell to $96.26 a barrel.
The EUR/USD and USD/JPY once again turned bearish during overnight trading as uncertainty regarding Greece’s new parliament led to additional risk aversion in the marketplace. Commodities and precious metals were also down during the Asian session. Crude has fallen to the $97 a barrel level, while gold dropped over $6 an ounce.
The euro sank to a three-month low against the US dollar during overnight trading as investors continue to digest the results of yesterday’s elections in France and Greece. Crude oil extended its bearish trend as well, dropping over $2 a barrel during Asian trading.
