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Look out below EURO
At the Euro-finance ministers meeting they sought to narrow differences on how investors share the cost of easing Europe’s biggest debt burden.They failed and now they have to ‘pay the piper’. The market has taken them to task by dumping the EUR again. The underlying Euro-zone debt jitters is keeping pressure on the single currency with any rebonds thus far remaining shallow. It was probably a bit of a stretch to expect a Greek break through this week, the bears are not complaining. Is the session move overdone? Most likely, however the market seem adamant to want to test lower eyeing stops below the 1.43 ... (full story)
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