{"id":15326,"date":"2011-11-10T08:07:19","date_gmt":"2011-11-10T07:07:19","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/15326\/us-dollar-index-trades-back-through-78-on-back-of-eu-debt-concerns\/"},"modified":"2011-11-10T08:07:19","modified_gmt":"2011-11-10T07:07:19","slug":"us-dollar-index-trades-back-through-78-on-back-of-eu-debt-concerns","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/15326\/us-dollar-index-trades-back-through-78-on-back-of-eu-debt-concerns\/","title":{"rendered":"US Dollar Index trades back through 78 on back of EU debt concerns"},"content":{"rendered":"<p><p>The US Dollar Index which tracks the dollar against six major world currencies traded back over 78 late on Wednesday as growing EU debt concerns push the smart money out of the euro and once again the dollar is seeing gains.<\/p>\n<p><strong>US Dollar Safe Haven<\/strong><\/p>\n<p>The ICE US Dollar Index is this morning at 78.235 as traders jettisoned yields in favour of the safety of the greenback and the Japanese yen, suggesting that further topside moves may be likely if markets continue to foresee further debt contagion in the EU.<\/p>\n<p>Crude oil prices, gold and other commodities fell back as the dollar made gains against other currencies with investors worried about the financial health of Italy turning to the greenback for safety.<\/p>\n<p><strong>European Debt Crisis<\/strong><\/p>\n<p>Fears that Europe&#8217;s sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession and is once again creating panic on world markets.<\/p>\n<p>Meanwhile, reports emerging from Brussels said that Germany and France had begun preliminary talks on a break-up of the eurozone, amid fears that Italy would be too big to rescue.<\/p>\n<p> <\/script> <span><g:plusone count=\"true\" size=\"tall\"><\/g:plusone><\/span><\/p>\n<p>View original post here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/us-dollar-index\/ice-us-dollar-index\/11\/2011\/us-dollar-index-trades-back-through-78-on-back-of-eu-debt-concerns.html\" title=\"US Dollar Index trades back through 78 on back of EU debt concerns\">US Dollar Index trades back through 78 on back of EU debt concerns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The US Dollar Index which tracks the dollar against six major world currencies traded back over 78 late on Wednesday as growing EU debt concerns push the smart money out of the euro and once again the dollar is seeing gains. US Dollar Safe Haven The ICE US Dollar Index is this morning at 78.235 as traders jettisoned yields in favour of the safety of the greenback and the Japanese yen, suggesting that further topside moves may be likely if markets continue to foresee further debt contagion in the EU. Crude oil prices, gold and other commodities fell back as the dollar made gains against other currencies with investors worried about the financial health of Italy turning to the greenback for safety. European Debt Crisis Fears that Europe&#8217;s sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession and is once again creating panic on world markets. Meanwhile, reports emerging from Brussels said that Germany and France had begun preliminary talks on a break-up of the eurozone, amid fears that Italy would be too big to rescue. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15326","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=15326"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/15326\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=15326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=15326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=15326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}