February 17, 2009The big story in the currency market today is the Euro which hit a 2 month low against the US dollar. Ratings agency Moody’s warned that the exposure of Western European banks to Eastern European loans could affect their credit ratings. Up until the global credit crisis, Eastern European nations were growing [...]
Posted in 2009 eurusd forecasts, ECB, Trichet, eastern european banks euro, ecb rate cut, eur/usd, forex blog 
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