Daily Forex Commentary February 5, 2010

February 5, 2010

Pressure Likely to Remain on EUR USD

The trading week ended with traders still fearing a widening and deepening debt situation in the Euro Region. Optimistic traders are looking for some solution to be reached by either
a “pseudo-bailout” by the European Central Bank or European Union. Legally, the ECB or EU cannot offer an outright bailout package so they may have to figure out a way to get around this
restriction.

The International Monetary Fund was mentioned as a suitor but the …

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