Forex Traders Saw The US Dollar Rise As The Euro Suffered
Today share prices across Europe have taken a nosedive for the second day in succession following concerns regarding European government debt levels. This meant that Forex Traders Saw The US Dollar Rise As The Euro Suffered due to European market traders adopting a risk aversion tactic of investing in the relatively safe US markets.
Today has seen a continuation of the sharp fall in the value of shares across Europe that started yesterday. This morning the French Cac 40 index fell by 2.5%, in London the FTSE 100 declined 1.9% and in Germany the Dax fell back by 1.6%. It wasn’t just traders of European markets that saw these sharp losses. Japan’s Nikkei index slumped almost 3% earlier today, as did other far eastern markets in China, Hong Kong and Korea.
As a result of these falling markets many investors have taken the ‘safety first’ route of investment by heading for the relatively safe US markets to avoid big losses. This has offered plenty of profitable positions to traders at forex companies such as AVAFX, where the dollar has climbed to its highest value against the Euro since May 2009.
With further under-par financial reports to be released and ambitions plans to reduce debt deficit dramatically over the coming years by EU member states the Euro could well face further falls. It is also more than likely that the US dollar will mirror these falls offering lucrative positions for forex traders across the world.
To start trading on foreign exchange markets with one of the most trusted forex companies on the internet visit www.avafx.com where you can open a new trading account quickly and easily online.
