Forexyard Analysis - Risk Aversion Subsides as Data Boosts Confidence

The USD and JPY went strongly bullish in yesterday’s early morning hours, no doubt a remnant of the dire reports from the global economy faced last week. The sudden boost in risk aversion at the opening of London’s market yesterday morning sounded a bell for the return of the safe-havens. However, upon the opening of US markets, economic data spurred investors back to life with positive results which made the safe-haven charge appear pre-mature. The question now is whether the gains recovered by the EUR and GBP can continue today.

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