Euro Slipping Further

Source: ForexYard

The euro continued its slide into this morning and finds itself down once more against the dollar and Japanese yen. Uncertainty persists regarding the status of the Greek debt crisis and these worries are beginning to bring down other traditionally riskier currencies, such as the Australian and New Zealand dollar. As of this morning, the EUR/USD is standing near $1.3191, marking a significant drop from last Friday. Analysts are predicting that until a clearer picture of the crisis is discerned, the euro will stay well below the $1.3500 mark.

Read more forex news on our forex blog.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

FX_Trdr