POSITIVE RISK SENTIMENT BOOSTS RISK SENSITIVE CURRENCIES

The euro held near a two-month high against the dollar on Wednesday induced by strong U.S. corporate earnings and easing concerns about euro zone sovereign debt, which also helped push equities higher. This in turn has increased Risk appetite in the financial markets and will impact movement with the risk sensitive currencies such as the Euro, GBP, AUD and NZD.
Intel Corp (INTC) reported results above expectations and gave an upbeat sales outlook, pushing S&P futures higher. Tom Trevorrow Currency Analyst at Torfx Currency brokerage noted that Euro price movement and …Forex Rate – Forex and Exchange rates

Be Sociable, Share!

•