Forex: Risk aversion boosts Dollar and Yen against Euro and Pound

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FXstreet.com (Barcelona) - Euro and Pound are being sold across the board, with Dollar and Yen favoured by their "safe haven" status on sharp risk aversion, with equities sharply lower and investors concerned about Japanese crisis, which turned into a serious nuclear threat, and its consequences fro global economic recovery.

The Dollar has taken back previous losses, with the GBP/USD retracing the full recovery from Friday┬┤s low as pullback from 1.6200 high, extended below 1.6000 to hit day low at 1.5975, while EUR/USD plunged from 1.4000 to 1.3855 low so far.

EUR/JPY has dropped almost 200 pips so far today as as retreat from 114.65 extended on European session to 112.80 low, while the GBP/JPY plummeted from 132.55 high in Asia, breaking below 131.00 support to hit session low at 130.00 so far.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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