Redir

Tuesday, June 29, 2010

Euro, British Pound Weakens Against U.S. Dollar as Risk Aversion Takes Center Stage

Risk aversion swayed the currency market during the overnight session, with the euro breaking below the 20-Day SMA (1.2208) to reach a low of 1.2177, and the drop in sentiment is likely to drag the single-currency lower going into the U.S. trade as equity futures foreshadow a lower open for the North American market.

...
Read More...
[Source: DailyFX Forex Market News]

No comments:

Post a Comment