{"id":12240,"date":"2010-08-20T09:15:24","date_gmt":"2010-08-20T13:15:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12240"},"modified":"2010-08-20T09:15:24","modified_gmt":"2010-08-20T13:15:24","slug":"eur-and-gbp-tumble-as-investors-dump-riskier-assets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/20\/eur-and-gbp-tumble-as-investors-dump-riskier-assets\/","title":{"rendered":"EUR and GBP Tumble as Investors Dump Riskier Assets"},"content":{"rendered":"<p><strong>By ForexYard<\/strong> &#8211; Riskier currencies like the euro and British pound tumbled vs. their  safe haven rivals in early morning trading today, following news that  the Japanese government would not intervene to limit recent yen gains in  the marketplace.  The yen has seen strong growth in the last few weeks,  prompting rumors that the government would take measures to bring the  currency down to less volatile levels against the dollar and euro.   Drops in the global stock market also contributed to investors  abandoning their more risky assets.<\/p>\n<p>EUR\/USD has dropped some 60 pips since last night, and is currently  hovering right around the 1.2760 level.  Against the yen, both the euro  and UK pound have fallen approximately 50 pips since last night, and the  pairs are currently trading around 109.00 and 0.8210 levels  respectively.<\/p>\n<p>This afternoon traders will want to pay attention to the Canadian  Core CPI Figure, set to be released at 11:00 GMT.  As the only piece of  significant news set to be released today, it will likely lead to heavy  market volatility.  The CAD has seen fairly substantial growth over the  last few days.  Should the Core CPI figure come in at its predicted  level of 0.1%, traders can assume these gains are likely to continue.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                 may not be suitable for    all            investors.       There    is  a               possibility           that             you   could       sustain a  loss    of  all     of       your                 investment and             therefore  you             should   not       invest        money  that    you              cannot    afford to            lose. You          should    be       aware  of        all       the     risks          associated     with       Foreign          Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By ForexYard &#8211; Riskier currencies like the euro and British pound tumbled vs. their safe haven rivals in early morning trading today, following news that the Japanese government would not intervene to limit recent yen gains in the marketplace. The yen has seen strong growth in the last few weeks, prompting rumors that the government &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/20\/eur-and-gbp-tumble-as-investors-dump-riskier-assets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR and GBP Tumble as Investors Dump Riskier Assets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12240","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12240"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12240\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}