according to wiki: http://en.wikipedia.org/wiki/Hydrogen_peroxide
In acidic solution, H2O2 is one of the most powerful oxidizers known—stronger than chlorine, chlorine dioxide, and potassium permanganate. Also, through catalysis, H2O2 can be converted into hydroxyl radicals (.OH), which are highly reactive.
In aqueous solution, hydrogen peroxide can oxidize or reduce a variety of inorganic ions. When it acts as a reducing agent, oxygen gas is also produced.