April 18, 2010

Euro Erased last Week’s Early Gains to Finish Modestly Higher

After last week’s talk of the need for and the subsequent announcement last week-end of a rescue plan for Greece, the Euro failed to hold on to its early gains and
succumbed to speculation that the aid wasn’t enough only to finish slightly better for the week.

On Monday the 12th, the EUR USD settled into a range after gapping open and pulling back from its high throughout the …