| Euro Weighed By Moody’s Downgrade, British Pound Advances on Higher Inflation (DailyFX) Uncertainties surrounding the European debt crisis continued to weigh on the single-currency, with Moody’s Investors’ Services downgrading Portugal’s sovereign debt rating to A1 from Aa2, and the EUR/USD may continue to retrace its near-term rally going into the North American trade as investors hold a cautious outlook for the region. finance.yahoo.com |
U.S. Dollar, Japanese Yen Benefits From Flight To Safety (DailyFX) The Euro extended the decline from earlier this week and slipped to a fresh monthly low of 1.2684 as investors continued to scale back on their appetite for risk, and market sentiment is likely to drive price action going into the end of the week as the economic docket remains very thin for Friday. finance.yahoo.com |
Dollar Edges Lower as NFPs Solidify Investor Sentiment and Shake Out Remaining Volatility [DailyFX] - Though liquidity was winding down quickly into the close of the week, we would nevertheless see a significant shift in the traditional market gauges for risk appetite Friday. With the help of a dubious nonfarm payrolls report, risk appetite would start climbing before the US exchanges came online. finance.yahoo.com |
FOREX-Dollar slides to 2010 low against major rivals * Singapore widens trading band for Singapore dollar * Euro rises above $1.4100, highest in more than 8 months * Aussie flirts with parity, dollar index hits 2010 low us.rd.yahoo.com |
Euro/Dollar and Euro Index Diverge Again A previous divergence between the two metrics hinted at a short-term bullish reversal for the single currency. us.rd.yahoo.com |