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Euro as new safe haven currency?

Jack Crooks (December 15th, 2008) Writes:
PKey Newsbr•nbsp;European policymakers must not tear up the rule book when launching emergency economic rescue packages, ECB President Jean-Claude Trichet said. (Reuters) /P PEURUSD Daily: Euro continues to be the big winner against the dollar lately.nbsp; Next key Fib retracement resistance daily comes in near 13600-level.brbr(Chart unavailable.)brnbsp;br•nbsp;Japan reported its sharpest crash in business sentiment in three decades on Monday and industrial output in China grew at its slowest pace since 1999. (Reuters)/P br br PUSDCNY (Chinese yuan) Daily: Despite continued bad news on growth flowing from China, the currency has managed to gain against the buck lately, possibly alleviating concerns the Chinese may weaken the currency to help exports.nbsp; But would a weak currency matter when no one out there seems to be buying?brbr(Chart unavailable.)brbrnbsp;br•nbsp;Turkey's economy continued to feel the impact of the global financial crisis as official figures released Monday showed gross domestic product growth slowing and unemployment rising. (AP)/P PUSDTRY (Turkish lira) Weekly: ...

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