Volatility Continues

Source: ForexYard


The EUR/USD continued to take a downward turn as news regarding the anticipated Greek bailout package is not inspiring confidence amongst investors. The news that EU finance ministers were looking for ways to delay parts of the second Greek bailout has caused a great deal of uncertainty regarding the euro. As of this morning the EUR/USD was at its lowest point in three weeks at $1.3020.

The next development in this story might have to wait until next Monday when EU finance minister are to meet regarding the approval of a second rescue package for Greece. Until then, there is a possibility that volatility will continue.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.