The Dollar was a main recipient of safe-haven flows as we had further contagion fears in the Euro-zone as Moody’s placed Portugal under review for a downgrade. The EUR/USD hit a 14-month low, and with oil and gold falling commodity currencies weakened as well. US equities managed to cut early losses and by noon NY-time we saw a small counter-rally to the overnight risk aversion. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

With rumors that a deal was reached for a bailout of Greece, the Euro extended its rally started in NY trading from yesterdays session. The deal could mean that Greece will be able to get loans at cheaper than market rates in order to help fill its budget holes. With gold prices shooting up today, the Aussie rallied to a new 2010 high and the Kiwi surged as well. The GBP/USD pair broke above 1.53 on strong producer inflation data while the Canadian Dollar was weaker following a softer-than-expected jobs report. News Provided by fxtimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

Friday, March 26th, 2010 Recap: A joint EU-IMF back-stop aid package was agreed upon, which would provide loans which could be worth between 20 billion and 22 billion euro. That gave relief to a pressured Euro which rallied in today’s trading. The greenback however still showed strength against commodity currencies like the Aussie as there was a bout of liquidation of Aussie long positions. News Provided by fxtimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

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