The euro fell because of pressured by bank funding concerns and caution ahead of more European debt sales this week. The euro slid as interbank euro lending rates hit their highest. Brian Dolan, chief currency strategist at Forex.com in Bedminster, New Jersey said: “The list of negatives for the euro continues to grow. There’s never any shortage of reasons to sell it.”
Alan Ruskin, head of currency strategy at RBS Global Banking & Markets said: “Euro/Swiss franc continues to power lower now that the SNB has squarely chosen its inflation objective over an exchange rate intermediary target that led to ballooning domestic liquidity.”
Sacha Tihanyi, currency strategist at Scotia Capital in Toronto said: “The backdrop (for the euro) still remains fairly negative as you continue to see pressure in the bond markets. If you get a very weak bond auction out of Spain, for example, it could really start to hit confidence.”
The euro slid 0.8 percent to $1.2275. Against sterling, the euro traded down 1.1 percent at 81.25 pence. The dollar index was 0.5 percent higher at 85.699. Against the yen, the dollar was up 0.2 percent at 89.42 yen.
You REALLY don’t read your crap before you post it here do you?
You’re a day late, and like 300 pips the wrong way.
It would be really nice if you would post this in the analyst arena, or somewhere else altogether.
You are cluttering up this forum in particular, because your regurgitated news has nothing to do with trading systems.
You’re taking threads off the page that still have relevance.
History has NONE.
But you won’t read this either.
Damn post ghosts…