31.01.2011 - Safe-haven currencies find more buyers on Egypt
From Dow Jones: Safe-haven currencies like the Japanese yen, Swiss franc and U.S. dollar gained in early Asia trade Monday as rioting and political pressure in Egypt threatened to escalate. Still, after an early morning rally, all three currencies were trading steady as the initial surge into safety wore down on technicals and continuing questions over the impact of the Egypt situation. Some commodities-linked currencies, like the Australian dollar and Canadian dollar, even were moving higher in recent trade, partly reflecting the impact on commodities prices that instability in Egypt could create...........................................Full Article: Source
Print