The euro was trading slightly lower against the US dollar this morning after an earthquake in Japan affected global markets and weakened riskier assets.
Japan was hit with the worst earthquake in 140 years this morning and the extent of the damage is not yet clear. Aftershocks have been felt and countries in the Pacific have been issued with tsunami warnings. The euro is likely to remain weak in the current environment, particularly as we head into the weekend. It has been a strenuous week for the euro with peripheral sovereign debt worries rearing its ugly head once again. Following Moody’s downgrade of Spain’s sovereign debt rating yesterday, estimates of..Full Forex News at
http://www.forexsq.com/currencies/forex-news-euro-drops-vs-dollar-after-earthquake-in-japan-1/
ForexSQ
Japan was hit with the worst earthquake in 140 years this morning and the extent of the damage is not yet clear. Aftershocks have been felt and countries in the Pacific have been issued with tsunami warnings. The euro is likely to remain weak in the current environment, particularly as we head into the weekend. It has been a strenuous week for the euro with peripheral sovereign debt worries rearing its ugly head once again. Following Moody’s downgrade of Spain’s sovereign debt rating yesterday, estimates of..Full Forex News at
http://www.forexsq.com/currencies/forex-news-euro-drops-vs-dollar-after-earthquake-in-japan-1/
ForexSQ