EUR Corrects Itself Following German Debt Auction
By: Jutia Group
Posted on January 05, 2012 at 02:27 AM EST
Source: ForexYard EUR Corrects Itself Following German Debt Auction The euro staged a downward reversal yesterday, following a German debt auction that caused investors to once again place their funds in safe-haven assets. Today, traders will want to pay attention as major market volatility is expected following news events from the UK, US and Canada. Economic News USD – USD Rebounds Following Return to Safe-Haven Assets The US dollar had a very bullish day yesterday, following a less than enthusiastic German debt auction which sent investors back toward safe-haven assets like the USD and CHF. The dollar saw upward movement against many of its main currency rivals, particularly the euro and UK pound. The EUR/USD tumbled well . . . → Read More: EUR Corrects Itself Following German Debt Auction
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