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www.bforex: Volatile Forex Markets

2011-06-20 2 Dailymotion

The United states dollar relinquished some of its gains to the EUR on Friday as investors sought 'real value' for the unstable Forex pair.

The Sterling and AUD continued to be somewhat tentative, and the Sterling did not gain against the Greenback like the Single Currency on Friday.

Gold did climb as safe haven trading continued to flourish and equities continued to be cautious and generally fragile.

Though it seems to be that Greece is placed to obtain its bailout package, the question is how the Greek public will respond to new austerity measures.

Many analysts are not necessarily concerned with a 'one off' event if Greece must restructure its debt, however they are concerned with the knock on results that Portugal, Ireland, and others would face.