Forex Market Insight Report 22/03/2011
The Forex Market Insight Report shows charts on different major currencies and commodities, with brief commentaries on how new data releases and news cause movements in the market.
Headlines:
- US existing home sales fell from expected $5.1M to 4.88M which is a 9.6% drop in February
- AUD and NZD climbed for a second day as higher oil prices increased demand for currencies linked to commodities
- Euro reached its highest levels since early November, wider interest rate differentials were a main factor.
- Moody’s: downgrade risk in Japan is higher after triple disasters.
- Warren Buffet said weakness in Japan's markets was a buying opportunity, as the nuclear containment there seemed to be progressing.
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