March 24, 2010
Euro to Plunge Further if EU or IMF Fails to Rescue Greece
The U.S. Dollar Index rose to a new high for the year as demand for the Greenback soared following an escalation of the fiscal problems gripping the Euro Region economy.
Wednesday’s session began with the Euro breaking through its recent low at 1.3440, triggering a sharp plunge after Fitch downgraded Portugal’s credit rating. Coupled with on-going
concerns regarding efforts by Greece to obtain financial aid from either the European Union or International …
