11:36 AM The euro retraces some of its losses and Europe adds half a percent into the close as Fitch hits the wires saying it has no immediate plans to downgrade Spain. The rumor had been floating about, and was credited (rightly or wrongly) for taking some of the air out of the stock rally and causing a cratering in the euro.
Interesting...
ReplyDeletehttp://thehill.com/homenews/senate/196779-conservatives-craft-bill-to-prevent-imf-bailout-of-crumbling-eurozone
11:36 AM The euro retraces some of its losses and Europe adds half a percent into the close as Fitch hits the wires saying it has no immediate plans to downgrade Spain. The rumor had been floating about, and was credited (rightly or wrongly) for taking some of the air out of the stock rally and causing a cratering in the euro.
ReplyDeleteTOF- I though you would have bailed on OPEN twice now!
ReplyDeleteWell, the dollar bolted out of the gate right away this morning and was headed straight for 80 but something/someone capped it.
ReplyDeleteMy conclusion is, the dollar cannot collapse until after the euro does.
Everything looked great on currency charts until 07:30 this morning when the Republican Party started loading up their short truck in earnest.
ReplyDeleteCP - believe there was a report about another explosion in Iran nuclear-land that sent it higher
ReplyDelete