Wednesday, October 17, 2012

EUR/USD Oct. 17 Climbing as Spain Avoids Moody’s Downgrade

EUR/USD continued its impressive rally, punching past the 1.31 line. The markets reacted positively to the decision by the Moody’s credit agency not to downgrade Spain’s credit rating. After the announcement, the euro moved upwards and Spanish bond prices fell. European leaders will gather at the European Economic Summit in Brussels on Thursday and Friday. The debt crisis
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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