Intraday Market Thoughts

Archived IMT (2009.03.02)

by Ashraf Laidi
Mar 2, 2009 10:46

The Aussie fared as the best performing currency in February, followed by the pound and the US dollar, while the yen and Canadian dollar were the worst performers amid a group of 10 currencies. Year-to-date, the dollar retains the lead in FX returns, followed by the pound and the Norwegian krone, while the New Zealand dollar and the euro trail at the bottom. Better than exp mortgage lending figures from the UK are failing to prop GBP this morning, while stocks around the world feel the weight of Friday's latest break of key support levels in US indices. JPY retains the lead as best perf curency since Friday as risk appetite is damaged across the board.


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