Filed under: Major Movement, International Markets, From the Boards, Financial Crisis, Currency
In Europe, German Chancellor Merkel stated that the euro is facing "An extraordinarily serious situation" in the wake of Ireland's debt problems, as quoted in the Wall Street Journal. Her words sparked a sharp sell off in the euro. It traded at $1.34, down from $1.3624 on Monday. Analyst Ian Stannard with BNP Paribas in London said: "This is likely to be the start of a bigger move lower for the euro."
Continue reading German Chancellor Merkel's Comment Triggers Euro Sell Off
German Chancellor Merkel's Comment Triggers Euro Sell Off originally appeared on BloggingStocks on Tue, 23 Nov 2010 16:00:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments






Full story at http://www.pheedcontent.com/click.phdo?i=90a09ce231ea6d8ec5d0696874cc1029





No comments:
Post a Comment