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EURUSD Slumps As Greece’s Top 4 Banks Downgraded

02/23/10 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 1.01 GBP -0.18 EUR -0.39 CHF -0.42

Risk assets have experienced setbacks today as sentiment took further knocks in both the European and US sessions. EURUSD’s gains in Asia capitulated shortly after the release of the German IFO survey results; with both the business climate (95.2 vs. 96.1 expected) and current assessment (89.8 vs. 91.9) undershooting forecasts. The expectations component (100.9 vs. 100.5) did manage to come in…

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