Tag Archives: US dollar
Daily Currency Briefing: Debt crisis against debt crisis
G10 Currencies EUR: On to the next act of the Greek debt crisis: the rating agency Standard & Poor’s has lowered Greece’s rating by three notches. At CCC the risks are now considered to be “substantial” and the securities are “extremely speculative”.
Chart Watch – Are we approaching a period of more sustained AUD/USD weakness?
Bank of England AUD TWI is looking toppy – would allow for slide back to the 2 year support line at 104.00. From current levels of 107.40 this would imply a 3% correction lower.