Euro continues to fall in the absence of clarity on the EU strategy to address budgetary problems of Greece, said currency strategists at Barclays Capital, David Forrester and Yuki Sakasai. With the reduction of credit rating agency in Greece Standard & Poor's on Monday with investors intensified fears about how the EU will deal with the unstable dynamics of the duty of the Government of Greece, "they say. "A key factor in our opinion, is the uncertainty. While on the subject at the weekend there was a meeting of leaders, based on its results was not published any official information", - analysts add. At the time of this writing, the euro / dollar traded at 1.4334 against 1.4378, the euro / yen traded at 115.29 against 115.43.
Tuesday, May 10, 2011
Uncertainty surrounding Greece's negative impact on the euro
Euro continues to fall in the absence of clarity on the EU strategy to address budgetary problems of Greece, said currency strategists at Barclays Capital, David Forrester and Yuki Sakasai. With the reduction of credit rating agency in Greece Standard & Poor's on Monday with investors intensified fears about how the EU will deal with the unstable dynamics of the duty of the Government of Greece, "they say. "A key factor in our opinion, is the uncertainty. While on the subject at the weekend there was a meeting of leaders, based on its results was not published any official information", - analysts add. At the time of this writing, the euro / dollar traded at 1.4334 against 1.4378, the euro / yen traded at 115.29 against 115.43.
