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Fitch downgrades Portugal: Eurozone mess deepens

Discussion in 'Market Predictions and Reports' started by yazoo, Mar 24, 2010.

  1. yazoo

    yazoo Recruit

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    From : empirestatefx.com/financialmarkets/currencies/fitch-downgrades-portugal-eurozone-mess-deepens/

    "There appears to be an accelerated and impending sense of doom about the status of the euro on Wednesday. Fears over its survivability are once again ebbing to the fore and have caused a pickup in selling as speculators test its lowest level in 10-months versus the dollar, while the Australians have never had a less expensive time to visit Paris or Frankfurt. The dollar is once again steamrolling through the currency pack to emerge as the ultimate safe haven as investors slowly cast off every other alternative."

    Well if Portugal falls as well, we probably will see a breakup of the Eurozone. I hope all of you are shorting the EURO!
     
    #1 yazoo, Mar 24, 2010
    Last edited: Mar 24, 2010

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