Weekly FX roundup: China slowdown spurs risk aversion

05 July 2010

What a week for the financial markets - looking back on some of the notable developments from last week - the EURUSD pair hit 1.2600 levels for the first time in a month, Gold broke below 1200 levels and Crude sold off more than 8.5% in the week to close just above 72 levels. The USDJPY was a touch below 87.00 levels for the first time in over six months and the AUDUSD sold off more than 3.5% (0.0325 pts) in the week. As for macroeconomic news, it was all about dampening global growth forecasts, first from China then followed by the US.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications