EUR Trading Outlook (16-04-2012)
The Euro (EUR) the EUR/USD is approaching 1.3000 and the key level may break this time with Spanish debt continue to fall in value. The concern on Friday was that Spanish banks were holding too much of the debt and that a coming recession in Spain will pressure the Spanish banks via real estate loan defaults. Suggestions emerged over the weekend asking for more money into the ECB bond buying program but politic strains especially in France and Germany are going to make this more and more difficult.
Back to EUR Trading Outlook Archive
