April 8, 2010
Euro Turns Higher as Trichet Instills Confidence
Friendly comments from European Central Bank President Trichet helped turn the Euro around after trading under pressure in Europe and Asia. The early session weakness was
created by speculation that Greece was getting ready to default on its debt. Greek Bond and German Bund spreads have widened significantly this week indicating that traders were taking protection
against the possibility of a collapse of the Greek financial system. Traders cited the implementation of austere financial measures …
