Monday, 10 May 2010

Euro Weakens On Concerns Euro-Zone Fiscal Crisis Isn't Over

The Euro saw mixed results during today's trading session. As the trading week began, the Euro strengthened against all the major currencies, including the Dollar, the Yen and the Pound. However, during midday trading, the Euro corrected most of its gains.

The Euro's bearish correction came due to concerns that the $1 trillion Greek aid package might not be the solution for the Euro-Zone fiscal crisis. As long as Greek worries continue to impact the market, the Euro has potential to drop further.

Looking ahead to tomorrow, traders are advised to remain updated on every publication regarding the Greek debt crisis. This issue has the greatest impact on the market for the past few weeks, and this is likely to proceed for the near future.