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The Euro is the big story of the day as the European currency dropped about 1.4% versus the Dollar to a 2 months low today (Check out the trend of the EUR/USD). The EUR/USD traded as low as 1.3092$ as fears soard regarding the debt and financial conditions of certain Eurozone members. The aid package for [...] In this article, I want to talk about the Euro, the european currency that is used in 16 countries in the European Union and which had a pretty turbulent year in 2010, falling to about 1.1000 USD and rising all the way back to 1.4000 USD. But the real story of the Euro, and one which [...] source: sxc – Ambrozjo In the past few weeks, the Euro has been showing signs of strength in comparison to its low points of the year. Let me remind you that the Euro was trading at below $1.2000 for a while and yesterday it managed to rise above $1.2700, though it failed to hold above [...] On Friday, the Euro continued its long term downward trend vs. the USD and plummeted below the support level of $1.2000, a 4 year low against the USD. I was not surprised. Those blog readers who acted according to my recent Euro prediction for 2010 may have made some serious cash. If you’re one of [...] |
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