We awake this morning with the euro down 0.50 % vs the greenback and some 'interesting' news,
In Finland the 'anti'euro' party won a crucial stake in the parliament, which could mean the Portugal bail-out plans by the euro union will stall.
Moody's not to be out-done downgrades all Irish-Government garanteed banks to Baa1, which is the lowest of the 'investment grade' ratings on Moody's grading scale.
Stir the above two items togher, maybe add in a little of the near 14% yield on 10 year Greek paper and you got yourself a mix that has at least some potential to set off a series of chain-events that could really give the euro currency a run for its money.
Happ Trading
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