Reuters reports that Japan has extended the evacuation area beyond 20kms from the Fukushima Daichi Nuclear Power Station. The power station has been damaged in its crucial steel containment structure with emergency workers withdrawn from the plant. the worry now is emissions of radioactive materials which according to the authorities appear imminent.
AUD/USD is back below parity and a move below the all critical 0.9950 cannot be ruled out in this environment. EUR/USD is finally playing catch-up with AUD/USD and is now trading just below 1.3950.
