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 		Euro Falling, US Recovery Under Threat
Intensified fears over government debt in the eurozone are pushing the euro weaker against the dollar. The G7 achieved nothing over the weekend, the IMF is stuck on the sidelines, and the Europeans are sitting on their hands at least until a summit on Thursday. There is a lot of trading time between now and then – and most of it is likely to be spent weakening the euro further.
Submitted by
tschuma417
2/8/2010
HyperLink play it email it
tschuma417
2/8/2010
tschuma417 is playing it
EUOLong0.65%
FXEShort0.54%
IXGShort11.27%
IYFShort10.94%
SPYShort7.58%
UUPLong0.08%
XLFShort11.6%
I am playing this headline with (FXE EUO SPY) because The euro depreciates, the dollar strengthens, and our path to recovery starts to run more uphill. And if these European troubles start to be reflected in difficulties for leading global banks over the next few days or weeks, the negative impact will be much greater.
 
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