Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...
New wave of concerns over the possible debt crises of Italy and Ireland overwhelmed the market
Moody’s downgraded the Portugal credit rating.
BoE is expected to leave the principal rate at the record-breaking minimum level.
Comments of the S&P agency regarding the Greek default pressured the euro.
Market review for 27.06 – 01.07, 2011 Previous trading week saw strengthening of the euro and other high-risk currencies. Monday,
Euro reaches its 3-months maximum.
Greek parliament approves of the austerity measures.
Expectations for the Greek parliament decision.
As a result of the previous trading week, US dollar demonstrated a winning position. Nevertheless, a first few days were negative for the greenback.
