Excerpt from: Forex Forecast
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| January 29, 2009 | | Euro could be in danger |
The euro forex trading forecast continues to look bleak -- at least against the U.S. dollar. Indeed, George Soros is warning that the euro could face its demise in this financial crisis, reports Bloomberg:
There’s a need for a global “agreement on how to share the
burden of lost capital, and every country should be involved
otherwise even more countries will suffer,” Soros was quoted as
saying. “If the EU doesn’t do it, the euro may not survive the
crisis,” he said, according to the newspaper.
Economic data coming out of the euro zone is weak, and Jean-Claude Trichet, the president of the European Central Bank, has had to issue warnings to banks against hoarding capital. It is clear that stronger action may need to be taken by the EU if the euro is to survive.
| Topic Tags: currency trading, euro forex forecast, euro forex trading, euro zone, forex trading, forex trading forecast, George Soros | |
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