The Euro took off and landed on a fresh 6-week high against the US Dollar on Tuesday, having extended it's gains on the back of better-than-expected terms for a Greek debt buyback and falling borrowing costs for other Euro Zone nations.
Most analysts believe that the Euro could also go on to post further gains if yields on Spanish and Italian bonds continue to fall further.
Another factor casting a damp shadow on the Dollar is growing concern that US budget talks may be stalling on the Dollar.
Posts
No comments:
Post a Comment