Tag: "yen"
Daily Video Recap (4/16): Goldman News Boosts Yen, Weakens Commodity Currencies
The Yen surged on news that the SEC brought fraud charges against Goldman Sachs. The news prompted a sell-off in US equities which heightened the sense of risk aversion in currency markets benefiting the Japanese currency. Also, oil and gold tumbled which weakened the Canadian and Australian Dollars. News Provided by FXTimes/CMS Forex www.fxtimes.com http [...]
Daily Video Recap (3/26): Euro Rallies as EU Leaders Strike Deal
Friday, March 26th, 2010 Recap: A joint EU-IMF back-stop aid package was agreed upon, which would provide loans which could be worth between 20 billion and 22 billion euro. That gave relief to a pressured Euro which rallied in today’s trading. The greenback however still showed strength against commodity currencies like the Aussie as there [...]
