Tue, 24 Jul 2012 00:00:00 +0200
Euro Slides Downward as Greek Worries Return to Marketplace
Investors once again grew fearful regarding the economic situation in Greece yesterday, following a report that the International Monetary Fund may not continue financing the country. The news, combined with rising borrowing costs in Spain, sent investors away from riskier assets and resulted in the euro falling across the board. After falling over 100 pips during overnight trading, the EUR/JPY hit a 12-year low at 94.23 during early morning trading. Against the British pound, the euro dropped to a 3 ½ year low at 0.7758 before staging a mild upward correction and stabilizing at the 0.7800 level. Today, euro traders will want to pay attention to the French and German Manufacturing and Services Purchasing Managers Indices, set to be released at 7:00 and 7:30 GMT. Should any of the data indicate that the euro-zone debt crisis is weighing down on either the French or German economies, the common-currency may take additional losses during the European session. In addition, any negative reports or announcements regarding the Greek economy could result in further euro bearishness.
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading. ForexYard
Actualité du forex
- Forex Trade 21 May, Rba Policy Meeting - May Minutes, Reserve Bank Of New Zealand 2-Year Inflation Expectation
- Forex Trade 20 May, Leading Index, Machine Tool Orders, Chicago Fed Nat Activity Index, Rightmove House Prices
- Forex Trade 15 May, German Gross Domestic Product, Jobless Claims Change, Euro-Zone Gross Domestic Product
- Forex Trade 14 May, German Consumer Price Index, German Zew Survey
- Forex Trade 13 May, Advance Retail Sales
- ARGENT : paroxysme des ventes ?
- Le pétrole brut et l’or chercheront des indications de direction dans les discours de présidents de la Fed
- Cuivre : un baromètre qui vire au vert
- CAC 40 : Linertie haussière se poursuit
- Eur/usd : LEuro Est Venu Tester Les 1,29 Hier Soir Et Cette Nuit, Mais Le Seuil Fait Pour LInstant Obstacle À Une Poursuite Du Rebond