EURO Crapshoot Is Opening Up Holes

From oanda.com

It was too good to be true. Reality had to makes a return. The ‘single unit’ has managed to slip against the ‘mighty’ dollar as relief by investors over the fiscal cliff deal has given way to doubts about the deals true worth. There are concerns that US lawmakers have merely kicked ‘that can’ further down the road. Congresses last gasp deal this week seems again to have delayed spending cuts, this time by two months. The end result, investors should be expecting another standoff between the Democrats and the Republicans in the coming weeks. Some key US economic issues remain unresolved, as yesterday’s ... (full story)