USD and JPY gain on risk aversion; Asian stocks and currencies plummet |
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- Forex: USD gapped higher across the board at the start of Monday's Asian session, with perception of greater willingness among global central banks to slash interest rates in the face of financial turmoil underscoring greenback demand. EURUSD punctured 1.37 handle, stopping just short of testing 1.36 figure, USDCHF has taken out 1.13 en route to 1.1380 session high before paring its gains, while GBP has also shed a full figure against USD before finding support at 1.76. Commodity FX majors
Filed under: Fundamental
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