Forex patterns in early New York trading lean towards a firmer dollar with risk aversion concerns at the fore after pre-market equity index futures stumbled. However, the dollar’s rally masks a more positive risk-on tone witnessed in Asia after analysts mull the potential for China to go easier on its

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Dollar Surges as Equity Index Futures Decline

While broad market sentiment remains volatile as driven by economic data released in the US and China, as well as mixed corporate earnings results, concerns about sovereign crisis in the Eurozone has eased in recently weeks as banks requested lower amount of money from ECB’s LTRO after the 12-month LTRO

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Concerns Over European Sovereign Crisis Ebbed, Stress Tests In Focus

While the worst of Eurozone debt crisis seems to have past, Euro is further boosted by China Premier Wen Jaibao’s comment that Europe is a major market for China to invest its foreign-exchange reserves. In additional. China and Germany Signed 10 agreements that worth at least $4.4b in Beijing to

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Mid-Day Report: EUR/USD Breaks 1.3 on China, USD/JPY Makes New 2010 Low