Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

U.S. Dollar and Japanese Yen surges as Investors move away from Risky Assets

By DailyForex.com

The U. S Dollar surged today, hitting a 2-year high versus the Euro and a group of currencies, while the Japanese Yen continues to gain as investors moved out of riskier assets.

Although there were signs that liquidity in the money markets was easing, it did nothing to improve investors’ confidence about the looming and protracted worldwide recession and as a result, investors were paying particular attention to their leverage position, with European share prices falling by more than 4%.

Because investors are becoming concerned about their leverage in the foreign exchange markets, low-yielding Japanese Yen jumped because carry trades were unwound, and as a result, the Japanese Yen hit a 4-year high versus the Euro.

On October 22 at 12:18 GMT, the Euro fell by 1.6% against the U. S. Dollar to $1.2842.  The U. S Dollar rose against a group of six major currencies by 1.37% to 85.577 .DXY.  However, the U.S Dollar fell by 1.4% against the Japanese Yen to 98.88 Yen.  Pound Sterling dropped against the U.S Dollar, its lowest in 5 years, at $1.6203

Most Visited Forex Broker Reviews