February 17, 2009 at 13:48 PM EST
Trouble Brewing in Europe Could Send EUR/USD to 2 Yr Low
The big story in the currency market today is the Euro which hit a 2 month low against the US dollar. Ratings agency Moody’s warned that the exposure of Western European banks to Eastern European loans could affect their credit ratings. Up until the global credit crisis, Eastern European nations were growing at very rapid [...]
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