Last fall on Moody's had only three weeks ago, so that the latter is reduced to Baa1 from A3 is a reflection of recent events and assumptions Moody's, that Portugal will help. It seems that only Portugal and she thinks it can fight no matter what, despite the rising cost of borrowing in the market, which has 3% more expensive than paying by Ireland to its aid package (and, soon, maybe even less pay).U-turn on Monday motions of the first quarter. The dynamics of Forex market on Monday was an almost complete reversal of what we saw in the first quarter. In other words, the Swiss and the Japanese yen were the main winners, while the Scandinavian currencies, led by the Swedish crown weakened the most. It is worth noting that the AUD / JPY fell on the results of the day for the first time in more than two weeks. Would be premature to celebrate it as a reversal in risk appetite, which we saw at the end of last month. Moreover, at least for now, there is a feeling that the markets have decided to take a breather.
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