Forex: Risk Aversion Surges, Why isn't EUR/USD at 1.2500?
The Dow Jones Industrial Average and S&P 500 both sold off aggressively this past session to over three month lows; and this time the FX market is starting to show support for risk aversion. Reticent to follow before, the USDollar Index finally made its overdue breakout with a drive above 10,000. More pieces to a broader and longer-term risk aversion trend are falling into place - though full commitment is not yet secure. In today's video, we discuss the shape of risk trends, the level of commitment and why EURUSD has not joined the fray despite its heavily discussed troubles.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.