February 20th, 2012
Currencies EUR/USD rose during the session on Friday as the market tried to rally on all things risky. However, there is a massively important meeting in Europe Today that will decide whether or not the Greeks get their bailout.
The 1.30 level below extends support down to the 1.29 mark, and that will have to be overcome for any down move to pick up a momentum.
USD/JPY The yen and dollar dropped against most major peers as Asian shares climbed on Chinese measures to sustain economic growth, curbing demand for refuge assets.
The yen fell 0.5 percent to 105.09 per euro at 6:47 a.m. in London after touching 105.75, the weakest since Nov. 14.
Commodities Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.
Crude for March delivery rose as much as $1.97 to $105.21 a barrel in electronic trading on the New York Mercantile Exchange, the highest intraday price since May 5.
The optimism on a deal later in the day between Greece and euro zone on the second bailout for Greece sent equities and the euro up, helping support gold
Spot gold rose 0.6 percent to $1,733.96 an ounce by 0406 GMT, on course for its biggest daily rise in two weeks.
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