By CountingPips.com
The US dollar has been mixed in forex trading today against most of the major currencies as political turmoil in Libya has pushed investors into safe haven assets. The dollar has been gaining ground versus the euro, British pound sterling, Australian dollar, New Zealand dollar and the Canadian dollar while losing ground to the Japanese yen and the Swiss franc, according to currency data in the afternoon of the US session.
The New Zealand dollar, meanwhile, has been on the defensive today against all major currencies as a magnitude 6.3 earthquake struck New Zealand’s second-largest city Christchurch. This was the second earthquake to hit New Zealand since September.
The US stock markets have had a sharply lower session on risk aversion today with the Dow Jones industrial average dropping by over 150 points, the Nasdaq decreasing by over 60 points and the S&P 500 down by approximately 25 points.
In commodities, Oil has traded higher by $5.63 to $91.83 while gold futures have risen by $10.30 to $1399.30 per ounce.
