The Euro came under significant selling pressure this week trading to a low of $1.4100 from $1.4430 after rumours swept the markets of a possible downgrade to France’s AAA rating and concerns over the health of European financial institutions.
French, German and Italian banks came under heavy selling pressure on concerns over their exposure to the governments of Spain, Greece, Ireland, Italy and Portugal. Despite S&P’s downgrade of the US to AA+ and Fed Chairman,...
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