Exchange rates today are somewhat subdued, with EUR/USD one of the bigger movers over the weekend. EUR/USD fell to 1.2640 before finding support in spades and has since rallied back as high as 1.2790. The situation in Greece continues to see currencies see-saw as traders change their bets on the likelihood of a Eurozone break-up. The Aussie dollar is again under pressure due to these safe-haven flows into the dollar. Continue reading
The exchange rate today appears to have settled into a happy spot with the Aussie steady against the USD just below 0.9900. EUR/USD is a similar story with downside support appearing to be near the 1.2700 mark.
Despite currency markets being able to hold on to ground overnight, the same cannot be said for equities which again got pummelled suggesting traders are still anxious Continue reading