Ooops – There Goes the Euro!
On May - 5 - 2010 ADD COMMENTS
As markets take stock of the Greek bail out plan and weigh the chance that other European Euro Zone nations such as Portugal and Spain, amongst others, may also require bail outs as their credit ratings plummet, the Euro is taking a battering and has slipped below 1.30USD in New York today. The US Dollar, which hasn’t looked such a good investment either in recent months, is now looking like a better bet than the Euro. In reality, I see both currencies as somewhat weak but with the Euro currently looking extremely vulnerable. As the Euro slides, what might the impact be for commodities?
