May 12, 2010

Euro Falters; Traders Still Concerned about Bailout Package

The Euro finished lower on Wednesday. Now that credit concerns in the Euro Zone have been taken care for the short-run, investors are becoming worried about the
possibility of a slowdown in the economy. The size of the new bailout package is expected to have an impact on the Euro Zone economy which could result in a double-dip recession.

The EUR USD was trading slightly better earlier in the trading session. …