The euro is notably weak against other currencies, hitting a one-month low against the yen and the British pound and 10-week low against the Australian dollar on Thursday. It also inched lower to a two-month low against the Swiss franc to 1.20545 franc. Germany has benefited from the euro zone debt crisis in a way because a weaker euro helped its exports.If Germany is not strong enough to support ailing countries in Europe, or it feels it can no longer afford to help others, that would raise risk of a break-up in the euro zone. The euro zone policy makers are just trying to buy time, which is what they have been doing all along.
- #11,258
- Nov 9, 2012 4:30am Nov 9, 2012 4:30am
- Joined Dec 2010 | Status: Trader | 18,740 Posts
he he
Reacted right where you said. You.....You...where did you buy your crystal ball