213501 Resource 119232 120646 120646 1222690428724 1222690428724 Controlled Euro Drops in Forex Trading on Bank Worries

Bailouts reach the eurozone as well

<font size="2" style="font-family: verdana,arial,helvetica,sans-serif;">While Americans have been largely focused on the </font><font size="2" style="font-family: verdana,arial,helvetica,sans-serif;"><a href="http://www.nationalmortgagenews.com/premium/archive/?ts=1222617600" target="_blank" title="bailouts eurozone, currency FX market, FX market, euro forex trading, forex trading, U.S. investment banks, $700 billion bailout">$700 billion bailout</a></font><font size="2" style="font-family: verdana,arial,helvetica,sans-serif;"> for Wall Street in the past few days, it may have escaped them that there are bailouts happening on the other side of the Atlantic as well.<br /><br />Right now, bailouts are happening in the eurozone, and this is causing trouble for the euro in forex trading. The 15-nation currency is being affected on the FX market by efforts to avoid a collapse in Europe as well.<br /><br />However, it is worth noting that many European banks are not as exposed to credit derivatives as the large U.S. investment banks, and that should limit some of the problems in the eurozone. <a href="http://money.cnn.com/2008/09/29/markets/dollar.ap/index.htm" target="_blank" title="bailouts eurozone, currency FX market, FX market, euro forex trading, forex trading, U.S. investment banks, $700 billion bailout">CNN Money reports on bailouts in the eurozone</a>:<br /><br /></font><div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"><p><font size="2">Germany's financial regulators and several banks stepped in Monday to throw a line of credit to Hypo Real Estate Holding AG in a multibillion euro move aimed at shielding Germany's No. 2 commercial property lender from going under.</font></p><p><font size="2">That came a day after Dutch-Belgian bank and insurance company Fortis NV was given a $16.4 billion lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg.</font></p></div> 9 application/xml false $700 billion bailout bailouts eurozone currency FX market euro forex trading forex trading FX market U.S. investment banks Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119232 blog blogsite/GFTForex/web