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FXstreet.com (Barcelona) - The bloc currency continues to head North after the opening bell in London, as risk-on trade sharpens on Monday.

Investors remains cautious in their trading however, as the G8 meeting over the last weekend has not delivered any major news, thus all the looks now turning to the EU Summit on Wednesday.

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FXstreet.com (San Francisco) - The horror show for INR continued yesterday as the currency traded to an all-time low against the U.S. dollar; USD/INR pushed above the December 15th high and key resistance at 54.30 and closed in uncharted territory - at 54.5 - recording a 22% gain so far this year.

At these levels, considering global macro conditions, it is likely that the Reserve Bank of India (RBI) will attempt further measures to cap weakness in the currency. On Wednesday, the RBI lost a crucial battle to keep the rupee within earlier support levels, as USD/INR rallied 70 pips from Tuesday's close.

All EM currencies in Asia, not just the rupee, have lost value against the dollar due the euro-zone crisis triggered by Greece's likely exit from the common currency. According to data compiled by Bloomberg, the ringgit slumped 1.1% in Kuala Lumpur, the Korean won dropped 1%, the Philippine peso weakened 0.9% and Thailand's baht fell 0.5%.

FXstreet.com (Barcelona) - The Kiwi has been the main laggard even since the explosion of the ongoing wave of risk aversion hitting the markets as of late. NZD/USD, after making fresh trend lows at 0.7620 in the latest Europen trade, has managed to stage a minor recovery, although 0.7670/80 resistance remains a tough hurdle to overcome so far.

According to Axel Rudolph, FX Strategist at CommerzBank: "The decline has so far taken it to just above the 78.6% Fibonacci retracement of the November- to-February advance at .7607. This is expected to give way with the October, November and December lows at .7469/.7371 then being in view, where some consolidation kicking in i expected, though, at least for a few days."

Alex adds: "This support zone is expected to be fallen through, however, in which case the 200 week moving average at .7168 and the 2011 low at .7116 will be back in play. These now represent our medium term downside targets. Resistance is seen between the 6th of January low at .7774 and the 61.8% Fibonacci retracement at .7792. While

trading below here, immediate downside pressure will be maintained."

interesting,, Must try.. Thanks :)