Forex and The Continued Fall in the Euro
Continued fall in Euro
The value of Euro continues to decline in forex trading. This has proved a major disappointment for many traders. Yesterday it showed a bit rise but fell afterwards. Everyone seems to be becoming habitual to such fall.
The sovereign debt in eurozone is being considered as the issue for this happening. The talks and negotiations among the European leaders have still not reached any solid conclusion that can ensure some stability.
The sovereign debt crisis is becoming chronic, added to that now Germany is under scrutiny. The bond warnings have been already issues to the French. Anyhow, there are no official warning issued to Germany so far. If the talks continue to fail in this manner then the things are likely to become more ugly for the European market.
Germany, who is one of the significant economic leaders in the eurozone, and therefore the bund auction, is a sign that things might become worse. Earlier Germany was unwilling to bail other nations, but now the strategy has ultimately backfired. Eurozone problems have now become Germanys problems. The investors are quite worried about holding any European asset.
The market needs strong coupling between the European nations. The investors are quite troubled and slowly loosing their confidence.
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