Euro Sinking further

Monday, 18 April 2011 02:08

The Euro has broken through the 1.43 level and is currently trading at 1.4293, ongoing concerns with debt issues in Euroland and global inflation are the cause.

Too many issues are starting to weigh in on the EU and even with rate hikes the market is starting to realise the Greek issue is not going to go away and a potential default will result.

If the euro breaks the 1.4280 level you will probably see more downside.

 

 

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This entry was posted on Monday, April 18th, 2011 at 14:08 and is filed under Forex Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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