Currency markets moved in favor of "risk-on" trades as China announced that it would allow the yuan to go back to a managed float. However, risk sentiment soured as Europe sovereign debt fears made a comeback amidst a downgrade of a European bank. The Dow Jones index early triple digit gains turned to a loss and risk was sold off.
News Provided by CMS Forex
http://www.cmsfx.com
Analyst: Nick Nasad
Open up a free practice account and start trading Forex today.
Link to this comment:
All Comments (0)