Bobbys Corner-Open Market-Jan.20.2010
Good Mornings:
The USD and JPY rose as speculation that China’s curbing of bank lending may slow the global recovery.
Trouble in Greece are still weighing very heavily on the Euro, and straining the Euro Zone’s economy in general.
Comments from the IMF stating that Greece’s budget woes are “a serious problem”, and comments that China will pare lending after record amounts of new loans were processed in 2009 drove the FX markets to the safety of the JPY and USD .
