EUR goes to risky assets

EUR/USD falls after "Black Friday" in Paris. JPY marked increase due to the prevailing sentiment of investor demand for "shelters". In this stream enter Gold, US Treasuries, CHF ... Probably is expansion of the spreads on the debt OTC derivatives CDS on the interbank market.

Attacks in Paris that left 132 dead cause a general wave of flight from risky assets to which are already attached and EUR. The European currency is deemed to be safe amid stable outlook zero interest rates maintained by the ECB, but such events directly affecting the entire Eurozone. Terrorism inflict severe wound in the heart of Europe. The threat is not over. Islamic jihadism declared war on everyone in Europe, warning that this is just "the first drop of the rain." EUR / JPY dropped to 130.65, then recovered to around 131.60. This is happening against the background of data to recession-way in the Japanese economy within Q3.

The euro is likely to remain under pressure, regardless of the speech of Mario Draghi as it turns political. More volatility can be triggered by news from the G20.

G.Hristov / Head of Fundamental Analyzes