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2 clear winners (and losers) among major currencies

Posted on 07 March 2013

Despite slow Asian and European sessions, the US and Australian dollars have assumed leadership roles, while the British pound and euro both struggle beneath the weight of political and economic uncertainty. It was a very quiet night of FX trading as currencies traced out very narrow ranges in listless dealing with no fresh news to move the markets.
The euro once again failed to clear the 1.3080 level and then quickly fell into the 1.3030’s after the release of Eurozone GDP showed exports posted the biggest decline since Q1 of 2009. Furthermore, comments from Italy’s Pier Luigi Bersani offered no hope of a solution to the Italian election quagmire………………………………………..Full Article: Source


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VRS - who has written 47920 posts on Opalesque Commodities Briefing.


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