AIG sells Personal Auto Unit to Zurich Financial
Written April 16, 2009 at 2:12 PM EST by Greg Michalowski
This is leading to higher stocks on the news and improved sentiment. The idea is that there is private buyers at the right price. This goes for AIG and for all companies for that matter - at least for now.
This of course has moved the EURUSD back up as when stocks improve, the flight to quality bid in the dollar disappears and this benefits the EURUSD. So although the downside was thought to be the way just a short time ago, the momentum is waning as we speak. Watching the 1.3172 100 day MA level ONCE AGAIN.
UGH!
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