The week was quite tense in the world because of the minute of the Fed last week. An economic downturn more and more eye-catching with consumer prices declining well in Britain only happy island of Europe.
The published data have confirmed all the fears of global slowdown, the ZEW in Germany reported a sharp contraction in production in Germany, moreover, the index of manufacturing activity in the state of NY has fallen compared to the previous month.
In addition to the aggravation of the economic situation in Greece with the political problems that could lead to possible early elections amche by Greece abandoning the rescue plan.
The dollar is losing ground globally because of moving away of prospettivie of a rate increase by the Fed, which is fearful of the global economy.
You hear about the Fly-to-quality (such as quality then ??)
That now means quality Swiss Franc and Yen.
