*Market Rally*
Today the U.S. dollar and Japanese yen were the two worst-performing major currencies due to increased risk appetite. The greenback suffered the biggest loss as investors began to shift their assets back into the embattled euro, which is more bearish for the U.S. dollar because of the two currencies’ strong rivalry as reserve currencies.
Economist’s current assumption is that the euro-zone economy may be stabilizing and the risk of fragmentation for the 16-member union is beginning to dissipate.
Addition information on todays Market:
Breaking News in Japan, or “Expected News:” New Lending Campaign information.
The Markets are on the run but will they hold?? Keep posted with AAP “Updates” and stay tuned for addition info on the “Chat.”