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Daily Video Recap (4/27): Euro Tumbles on Downgrades to Greece & Portugal

Uncertainty and risk aversion reigned in the currency markets today as Standard & Poor’s downgraded Greece’s sovereign debt rating to junk status while also downgrading Portugal. That caused a sharp sell-off of Euro’s and other higher yielders and buying of safe-haven currencies like the US Dollar and Yen. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.

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This entry was posted on Wednesday, April 28th, 2010 at 4:33 pm and is filed under Forex Trading Videos. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Daily Video Recap (4/27): Euro Tumbles on Downgrades to Greece & Portugal”

  1. I was holding Yen last night :) yay

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