Published: July 3, 2009 2:00 AM The last day of the Asian week ended in a dynamic fashion right out of the gate as the Euro extended losses against the US Dollar as it collapsed almost 175 pips in a wave of stop loss selling in a thinned market. After yesterday's poor US employment data cast a dark cloud on the hopes of an early emergence from the global recession, the Greenback was bought in a hasty fashion as investors looked for safety as they fled riskier assets. If you didn't look at a chart after yesterday's Not taking the Euro move into account, the markets were whippy due to the holiday thinned markets as well as traders just taking a deep breath after the giant moves in NY. USD/JPY bounced around a 35 pip range, but looked unchanged for the day near 95.95 as the session and subsequently week, wound down. After the Euro dragged the EUR/JPY about 60 pips lower to near 133.60, the pair reversed to end up unchanged. With risk aversion looking like its back in vogue, the moves could be attributed to profit taking and pure short term speculation. The Aussie and Kiwi dollars both posted gains after rebounding off of weekly lows and the USD/CHF pair was retracing closer to the 1.0845 opening level after being catapulted to 1.0900 on the huge dollar move on the open. Although equities and bonds are closed tomorrow in the Upcoming Economic Data Releases (
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