Tensions in Ukraine drive safe haven currencies higher
City Index March 3, 2014 2:10 PM
<p>Tensions in Ukraine are still driving the markets. With the US now voicing its opinion on the matter, it seems to be driving risk trades […]</p>
Tensions in Ukraine are still driving the markets. With the US now voicing its opinion on the matter, it seems to be driving risk trades lower and haven currencies higher – with the JPY in particular.
Overnight the China HSBC manufacturing PMI was released. The figure came in at a seven-month low, causing a bid tone in the USD.
Today’s data is all PMI related to the EU and UK this morning and later this afternoon the US is expecting a higher figure than before and the expansion area above 50.
Supports 1.3750 1.3720 1.3640 | Resistance 1.3830 1.3850 1.3895
Supports 101.20 101.00 100.75 | Resistance 101.70 102.50 102.80
Supports 1.6680 1.6620 1.6585 | Resistance 1.6700 1.6820 1.6880
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