Euro Looks Lower Despite Oversold Signal, Pound Searches For Support

Posted by admin on May 30th, 2012 and filed under Currencies, Euro. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

The heightening threat of a Spanish bailout sapped risk-taking behavior on Wednesday, and the ongoing turmoil in the euro-area may continue to drag on market sentiment as European policy makers maintain a reactionary approach in addressing the risk for contagion.

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Euro Looks Lower Despite Oversold Signal, Pound Searches For Support