Forget The Rally, Euro To Fall To $1.30 By Year's End |
| October 28, 2011 | October 2011 Bond Updates |
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Risk assets rallied, maybe overreacted, after European leaders revealed a three-point plan to rescue Greece, strengthen the banks, and eliminate the specter of contagion and systemic risk. While Euro leaders pulled a rabbit out of a hat, essentially giving absolutely no details and not pledging a single euro, the euro surged on Thursday, breaking to the upside past levels of resistance and trading above $1.40 against the U.S. dollar. |
| View more at: http://www.forbes.com/sites/afontevecchia/2011/10/27/forget-the-rally-euro-to-fall-to-1-30-by-years-end/ |
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