Friday, March 19th, 2010

Recap: The Euro fell further against the Dollar to end the week, testing the 1.35 area. conflicting news about what will happen in terms of aid to Greece fueled the sell off. Risk appetite was in the air as well as US stocks slid and commodity prices dropped after India's central bank made an unscheduled increase in their key interest rates. That move pressured commodity currencies like the Aussie and Loonie. The Pound slid rather sharply as well as MPC member Sentence said there was still a chance of a double dip recession.

News Provided by FXTimes/CMS Forex

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Analyst: Nick Nasad