“Anxiety about Europe is heightening as deficit problems are starting to look contagious,” said Toshiya Yamauchi, manager of foreign-exchange margin trading at Ueda Harlow in Tokyo. “This is weighing heavily on prospects for the euro, causing buying of safe-haven currencies.”
Friday, February 5, 2010
Stocks, Commodities Plunge, Dollar Gains on U.S. Jobless Claims
Feb. 5 (Bloomberg) -- Australian and Japanese stocks plunged, following the MSCI World Index’s biggest decline in nine months, and commodities slid after an unexpected increase in U.S. jobless claims. The dollar rose to an eight-month high against the euro.
“Anxiety about Europe is heightening as deficit problems are starting to look contagious,” said Toshiya Yamauchi, manager of foreign-exchange margin trading at Ueda Harlow in Tokyo. “This is weighing heavily on prospects for the euro, causing buying of safe-haven currencies.”
“Anxiety about Europe is heightening as deficit problems are starting to look contagious,” said Toshiya Yamauchi, manager of foreign-exchange margin trading at Ueda Harlow in Tokyo. “This is weighing heavily on prospects for the euro, causing buying of safe-haven currencies.”
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