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Day: February 6, 2012
February 62012
Brazil’s Real Down as Traders Await End of Greek Troubles
The Brazilian real dropped today as uncertainty about an outcome of the discussion about reduction of Greek debt made traders sell riskier currencies and stick to safer assets. The story of Greek debt was dragging for too long and Forex traders are afraid that it may end with a disorderly default. There were some positive macroeconomic indicators from Europe, but that wasn’t enough to alleviate fears. All currencies, except […]
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February 62012
UK Pound Gains against a Weakened Euro
UK pound is gaining against a weaker euro today, heading higher as worries about Greek debt resume. Greek talks have been suspended for a short time, even though Greek PM Lucas Papademos said that some progress had been made recently. The pound, though, is down against the US dollar as risk aversion sets in. Sterling is pulling back today against the US dollar, […]
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February 62012
Japanese Yen Gets a Boost on Greece
Japanese yen is heading higher today as concerns about Greece once again take center stage. While Greek Prime Minister Lucas Papademos insisted that some progress was made over the weekend, he also pointed out that there are still some conditions left. The unresolved situation is adding to the uncertainty that is prompting risk aversion today. As a result of the risk aversion in the markets, Japanese […]
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February 62012
Euro Drops as Talks Between Greece & Creditors Near to Conclusion
The euro declined today before results of talks between Greece and its creditors will be revealed. Traders are nervous as the outcome of the discussions is uncertain and they thought that keeping the euro is too risky. The talks regarding a proposed debt “haircut” for Greece have become too long, indicating that an agreement is hard to achieve. It looks like the main problem remains the same — unwillingness (or inability) of Greece […]
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