• Dollar Index Breaking Out of Range on Risk Aversion

    Dollar and Yen gap higher as the week starts on a couple of risk aversion factors. Firstly, there were talks over the weekend about deepening debt crisis in Eastern Europe and the potential threat to create a meltdown in the Western Europe banking industry. Secondly, Japan posted the third quarter of contraction in GDP and there were talks that opposition party is asking for Nakagawa to step down....