The yen rose today as uncertainty about the global economic outlook and forthcoming U.S. corporate earnings increased the safe-haven appeal of the Japanese currency.

Oil prices fell more than 1 percent to $63 a barrel today, Tuesday, as growing uncertainty over an economic recovery spurred investor risk aversion.  A member of U.S. President Barack Obama’s economic advisory panel said the world’s top oil consumer should plan to possibly provide a second round of stimulus funds to prop up the economy, implying that recovery is still far off.

Risk Aversion is strong once again…  Currencies get sold…  What’s China really up to?  RBA to leave rates unchanged?
And Now… Today’s Pfennig!

The euro recovered against the dollar today, Friday, as traders picked up the single European currency following its fall the previous session, when weak U.S. jobs data helped lift the dollar across the board.

Gold tracked back from its lows on Thursday as the dollar retreated from earlier highs, with worse-than-expected U.S. macro data and weaker European equity markets fuelling doubts a recent winning streak was sustainable.

A quiet Friday… Euro hits 1.30…  Chinese concern…  This week in data… And Now… Today’s Pfennig!

Fears of a global recession and persistent concerns about the banking sector lifted the U.S. dollar on Monday as global stocks mostly faltered and oil prices shot higher on expectations of another OPEC output cut.

Gold rose in Europe on Friday, building on the previous session’s near 3 percent gains, as Wall Street’s slide to 12-year lows curbed appetite for equities and the dollar tumbled ahead of U.S. jobs data later this session.

Gold declined on Wednesday, extending the previous session’s 3 percent losses, after Federal Reserve Chairman Ben Bernanke’s reassurances on the outlook for inflation and the economy cooled risk aversion.

No follow through on the Eurozone bond idea…  Mirror, mirror on the wall…  AIG to set record for losses…  And Now… Today’s Pfennig!