BNP Paribas and Westpac preference for yen. Given that the upward movement of the euro / yen is likely to be limited, as well as to reduce the risks in the pair dollar / yen, currency analyst at BNP Paribas believes that the risks for the euro / yen, more intensified. Break below 111.80 support level indicates a further reduction in the mark of 110.00.
Euro / dollar continues to enjoy strong demand, however, currency analyst at Barclays Capital believe that this is not enough to abandon the neutral projection pair.
The yen strengthened against all major currencies against the background of concern that the debt crisis in Europe was worsening, but recovery of the U.S. economy has a negative impact on the increase in demand for U.S. dollar as a currency of refuge.
Dollar goes crazy. Today is the judgement day, – said Alek Joachim, currency analyst of Forex Argentina. Dollar tried to attack euro twice one day. Surely it was not the best day for such effort… Investors dumped stocks in favor of safer assets including the dollar on Thursday following discouraging signs of a subdued economic recovery.