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USD Higher, Chinese Rate Hike Sparks Risk Aversion

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 12, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    USD traded at a seven-month high Friday supported by a spike in risk aversion sparked by news that China's central bank raised its reserve ratio by 0.5% and in reaction to doubt about a Greek rescue. The Chinese reserve ratio hike was a surprise and the second rate hike from...

    complete article here...

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