February 5, 2010
Pressure Likely to Remain on EUR USD
The trading week ended with traders still fearing a widening and deepening debt situation in the Euro Region. Optimistic traders are looking for some solution to be reached by either
a “pseudo-bailout” by the European Central Bank or European Union. Legally, the ECB or EU cannot offer an outright bailout package so they may have to figure out a way to get around this
restriction.
The International Monetary Fund was mentioned as a suitor but the …
