Daily Video Recap (3/8/10): Overnight Risk Appetite Gives Way in NY Trading
Monday, March 8th, 2010
Recap: Overnight higher-yielders and growth linked currencies including the Aussie, Kiwi and Euro rose against the Dollar and Yen as equities were higher in Asia and Europe following the better than expected jobs reading in the US on Friday. Also, French President Sarkozy gave the markets some reassurance that EU nations would come to the aid of Greece following its austerity measures announced last week. In NY trading the Euro and Pound gave up their earlier gains as US stocks were flat giving a sense of risk aversion during the NY morning.
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Analyst: Nick Nasad
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Duration : 0:7:46
Tags: currencies, dollar, Economy, euro, Exchange, finance, foreign, forex, FX, news, pound, trading, yen