Monday, May 31, 2010

FOREXYARD Daily forex analysis on 31 May 2010

Headlines
Will The Euro Drop Further Following Spain's Credit Downgrade?
After several days on which the Euro saw recovery signals, Fitch Ratings announced that it downgrades Spain's credit rating. The rating company explained that Spain's large debts were the catalysts for this decision. As a result the Euro promptly dropped on all fronts, and erased its profits. Could it drop further?


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