GO Markets - FX Market Commentary
By Chris Gore
09 February 2010 @ 05:53 pm EDT
Once again, Greece is the word which is governing global market activity at the moment. Overnight the premise of a grand rescue for the Greek economy sent US equity markets north bound, with investors mustering the courage to jump back into higher yielding assets. This was evident in solid greenback weakness against major counterparts. The US dollar index which measures the dollar's value relative to six major foreign currencies is currently down 0.65 per cent to 79.78.