213870 Resource 119232 120646 120646 1223295455158 1224092347947 Controlled Euro Plunges Dramatically in Forex Trading

Disagreement over credit crisis sinks euro in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The </span><a style="font-family: verdana,arial,helvetica,sans-serif;" title="ECB rates, forex trading, euro forex trading, credit crisis, currency trading, currency market, forex trading currency market" target="_blank" href="http://www.marketwatch.com/news/story/story.aspx?guid=%7BB72F73FC-F924-494F-B994-6A3C514691DF%7D&siteid=rss" id="vl_t">euro is plunging dramatically in forex trading</a><span style="font-family: verdana,arial,helvetica,sans-serif;"> on the currency market today. European leaders met over the weekend to try and determine how to best deal with the credit and financial crisis sweeping world markets. However, the leaders could not agree on the best course of action, and as a result of uncertainty, the euro is at a 14-month low in currency trading against the U.S. dollar. </span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;"> Indeed, the selling pressure on the </span><a style="font-family: verdana,arial,helvetica,sans-serif;" title="ECB rates, forex trading, euro forex trading, credit crisis, currency trading, currency market, forex trading currency market" target="_blank" href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/euro-breaks-below-1.36-as-german-rescue-plan-fails,-investor-confidence-disappoints-2008100663001/" id="urth">euro has put it below $1.36</a><span style="font-family: verdana,arial,helvetica,sans-serif;">. One of the biggest problems involved gaps from the plan in Germany, which was meant to bailout Hypo Real Estate. Liquidity has not been eased by the bailout, and there is now strong talk that the ECB may have to cut interest rates</span><span style="font-family: verdana,arial,helvetica,sans-serif;"> in the near future -- after holding them steady earlier this month.</span></font> 9 application/xml false credit crisis currency market currency trading ECB rates euro forex trading forex trading forex trading currency market Credit crisis and the euro http://globaleconomicanalysis.blogspot.com/2008/10/pound-and-euro-sink-in-european-bank.html Forex trading on the currency 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