Still performing major currency volatility streaked and mistrust, as the Japanese yen continues to rise against the euro and other major currencies as a safe haven currency, while managed both the Australian and New Zealand dollar to rise against the U.S. dollar after upbeat data from New Zealand on economic improved outlook for the business sector.
Tensions European crisis continues increasing, where demonstrators gathered near the Spanish parliament in Madrid yesterday in protest at the approval of the Spanish government to activate the package five years of budget cuts within the austerity measures undertaken by Spain.
While Greece saw disperse the protesters objecting to austerity measures with tear gas, which increases the inflammation of the European position and reduces the chances of the euro to rise against other currencies, while investors prefer safe-haven currencies and led the Japanese yen.
Euro against the dollar is trading near its lowest level in two weeks as the pair scored the highest at 1.2890 and the lowest at 1.2865 to limited trading weak for the pair around the 1.2881 level. As for the euro against the Japanese Yen traded poorly during today's Asian session to record its highest at 100.11 and the lowest at 99.90.
The pair continues against the Japanese yen to fall continuously for up today to the level 77.62 after hitting a high of 77.70 to currently trade at 77.64 level and a level 77.50 support level in the short term.
Saw the Australian dollar rose for a second day in a row against the dollar, recording a high of 1.0410 after hitting a low of 1.0363 and was opened today's trading 1.0370. As for the pair NZDUSD has scored the second rise in a row to its highest level at 0.8264 after hitting a low at 0.8240 and the pair had opened the session today at the 0.8248 level.
