Euro Sliding Against The Dollar And The Yen
Forex traders at Finexo and the various other Forex markets across the globe saw the Euro sliding against the dollar and the yen during Monday’s Asian trading session. The fall in the value of Europe’s single currency mirrors the fall in confidence of traders that the EU/IMF bailout package for Greece will be agreed by all EU member states.
The fear for Forex traders who invest in Euro currency pairs at online Forex brokers such as Finexo is that not all of the 15 individual EU state’s parliaments will be able to agree on the terms of Greece’s rescue package, meaning that the EU would not be able to fund the deal, leaving the value of the Euro to drop further and the future of the single currency uncertain.
The Euro fell close to $1.3200 during the Asian trading session today down from $1.3313 during late Friday New York trading. The Euro also fell against the Japanese yen, currently trading at Y124.27, down from Y124.69 late on Friday but still remaining clear of key support levels of around Y123 and Y121.
With such events and uncertainties happening in Europe there has never been a better time for the shrewd and informed investor to trade Forex. If you want to take advantage of the volatile Euro visit www.finexo.com where you can open a new Forex trading account in minutes with as little as $25 and receive a welcome bonus of up to $500 when you first fund your Finexo account.
