Good days friends, we reported The New Zealand dollar was down against its US peer before the big jump that erased the losses and remained weaker against the Japanese yen after New Zealand trade balance posted an unexpected deficit in January. As previous news
But US dollar is getting a boost today as risk appetite fades. After ending last week lower, the US dollar is gaining today as risk aversion makes an appearance, thanks to the results of the G-20 meeting over the weekend. With delegates telling the eurozone to get its act together before approval for more IMF funds will be made, US dollar is higher as Forex traders look for stability. Hopes will be going to realise
From Tokyo we reported, The Japanese yen reached a multi-month lows against other currencies, including the dollar and the euro, today, but surged after stocks dropped on concerns that problems in Europe will resurface again.
What about G-20 meeting?? Is there any new news??, This past weekend, the G-20 meeting in Mexico City seemed to have a common refrain: The eurozone needs to get its act together. Concerns about the eurozone were top of the list at the meeting, with delegates asking questions about the way the entire sovereign debt crisis has been handled. With the world's uncertainty about the eurozone on display, the euro is much lower today against its major counterparts.
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