USD has been losing ground all week, yesterday was no different and EUR has been well supported as risk aversion took a grip on market EUR/emerging markets and all EUR related carry trades kept getting pushed higher. Today we have a slightly different open as low yields around the globe seem to be limiting emerging markets FX weakness in a search for yield. RUB has lost value overnight and is in a weakening trend along with oil. JPy has been the big gainer of the week and still seems to be trending higher.
USD has been losing ground all week, yesterday was no different and EUR has been well supported as risk aversion took a grip on market EUR/emerging markets and all EUR related carry trades kept getting pushed higher. Today we have a slightly different open as low yields around the globe seem to be limiting emerging markets FX weakness in a search for yield. RUB has lost value overnight and is in a weakening trend along with oil. JPy has been the big gainer of the week and still seems to be trending higher.
