Forex News: Rising risk aversion - this time due to concerns about funding for Freddie Mac and Freddie Mae - is pushing the USD lower in most places. As equity markets fall, crude prices rebound a little, and investors worry about a possibly nasty fall in US pending house sales later in the day, the USD has fallen to Y106.50. After an early dive on continued concern about the poor euro zone growth, the EUR has bounced back to trade hardly changed at $1.5621. The GBP is down a $1.9760 after a gloomy BCC survey showed that UK firms are facing their worst cash flow crisis since records began in 1992
0 comments:
Post a Comment