Day: September 27, 2011

September 27
2011

Euro Finds Support on Assumption that Sovereign Debt Crisis will be Contained

The euro is finding support on the assumption that the sovereign debt crisis will be contained. Many forex traders seem to think that European leaders are serious about finding a solution to the debt crisis, and that it will be contained. Even though there doesn’t appear to be plans to expand the EFSF, there is an expectation that European leaders will do something to prevent the spread of sovereign debt contagion […]

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September 27
2011

Yen Weaknes as Risk Aversion Fades on Eurozone Expectations

The Japanese yen fell against all of its major counterparts today, including the US dollar, as the optimism regarding the European debt troubles situation changed the risk-averting mood of the markets to positive. While the current state of the FX market can be viewed as a simple technical correction, the optimism is also seen in other markets — European stocks are rising today. The yen fell against the pound for the second day and decreased against the greenback for the first […]

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September 27
2011

Mediocre US Data Allows EUR/USD Appreciate on Euro-Optimism

The EUR/USD currency pair rose today at fastest pace since September 15, as the Forex market reacted on the optimistic speculations that the eurozone’s politicians will find the way out of debt troubles for Greece and other fiscally unstable members of the union. The mediocre macroeconomic stats that were released in the United States today and yesterday didn’t have much effect on the situation. S&P/Case-Shiller home price index fell from 147.13 to 141.01 seasonally adjusted […]

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