The Euro has traded lower on the day despite growing confidence that Greece will be able to correct their deficit issues and measures are being discussed to prevent a repeat amongst other member nations. A European monetary fund is being proposed by the E.C. to act as a lender of last resort, but opposition is already mounting against the proposal which is giving it little weight.

Go to Source

This entry was posted on Monday, March 8th, 2010 at 8:07 pm and is filed under Daily FX. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.