Mar8  The Brazilian real dropped today as uncertainty about an outcome of the conversation about reduction of Greek debt made traders sell riskier currencies and stick to safer assets.
The tale of Greek debt was dragging for too long and Forex traders are worried 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, apart from for safer ones, usually suffer in times of uncertainty and Brazil’s real behaved according to this rule today. USD/BRL climbed from 1.7165 to 1.7280 as of 16:18 GMT today. The currency pair has reached 1.7179, more than a three-month low, on February 3. Jan14 TOKYO, Jan 4 (Reuters) – A small-squeeze revive in the euro stalled in Asia on Wednesday ahead of debt auctions in Germany, with market players dubious about the euro zone’s plans to fend off a independent debt crisis as some countries face huge debt refinancing needs. The euro is meeting resistance after posting its largest one-day revive in nearly two months on Tuesday as investors heavily trimmed bearish positions in the common currency after upbeat data bolstered risk appetite. Click here to read more.. » Jan14 The French and German leaders lacked New Year cheer in their opening messages to their nations as the clocks ticked past midnight into 2012 Nicholas Sarkozy even went so far as to call on the French to be courageous in the face of the euro’s dark days ahead. In the hope of distracting their populace from their own difficulties they’re taking potshots at the British, making a scapegoat of their ancient rival across the Channel. But while the hurt eurozone is subdue dominating headlines, the ripple effects are being felt elsewhere. Asian markets in particular are struggling as one of their largest export markets start to shut up shop to unknown goods. Click here to read more.. » Jan14 Buy Buy Buy! At least that’s how the New Year is starting out, as the markets are decidedly risk-taking mode after the shortened holiday trading sessions. Global financial markets are set to open higher, led by stocks and commodities. The fact that markets couldn’t revive higher to end the year may bode well for the start of 2012, but will it take up again right through the year? Click here to read more.. » Jan14 LONDON, Jan 9 (Reuters) – The euro crawled back from a fresh 16-month low to the dollar on Monday as traders trimmed small positions, but further declines were anticipated as worries over independent funding and prospects for the euro zone state kept most investors bearish. Markets were awaiting a meeting linking German Chancellor Angela Merkel and French Head Nicolas Sarkozy where they will chat about ways to boost growth and finalise details of a deal to increase monetary coordination in the euro zone. Click here to read more.. » |
