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Dubai Concerns Continue To Weigh On Risk Appetite

11/27/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.59 EUR -1.06 CHF -1.24 GBP -1.41

The slump in equities continues today as further details of Dubai World’s debt burden come to the fore; dragging risk sentiment lower across asset classes. Asian indices are down 3-5% across the board and US equity futures point to an equally unsavoury open after yesterday’s public holiday. The USD rebound has caused gold to collapse to $1140 levels, oil below major support at $75, and EURUSD…

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