Euro hurt by Irish downgrade?
After weeks of gains, Euro lost 0.2 % from 5 month high, after risk rating agency Moody’s cut the Anglo Irish Bank’s ratings to Baa3. This was a downgrade of 3 notches, meaning Irish debt is considered to be graded just above junk status.
European banking sector at risk?
Some currency analysts start to worry about the European banking sector again after the downgrade. At the same time, the outlook for USD do not look much better. We expect forex traders to be cautious about EUR/USD in the coming week and the pair could go any direction from now.
What do you think about investing in Euro at the moment? Risky or a good opportunity?
