Weekly FX roundup: Greek uncertainty hounds markets

15 February 2010

The markets moved lower this past week against the dollar on continued decaying of risk sentiment, particularly in the currency markets. The sovereign debt concerns arising from the 'PIGS' countries continued to cast a large shadow over the markets and darkened any chances that investors' risk appetite would build last week. EURUSD closed -0.09 percent lower at 1.3631, GBP closed 0.64% higher at 1.5701, USDJPY was higher 0.77% to close at 89.95 and the AUDUSD closed 2.54% higher at 0.8877.

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