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.
