"Debt Issue in EUR Zone Increased Hedging Demand of Forex Market"

[sarahfx]

" Ireland had the most serious financial deficit since the EU established. In addition, the interest difference of government bonds issuing of Ireland and Portugal hit the record, which make the forex market worry that the two countries may follow the Egypt’s steps to seek for IMF’s assistance.
In New York hours, the forex price of EUR/USD opened at 1.3902. At the beginning, after going up slightly, the forex price declined violently."

[glentrader]

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