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.

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