Euro Drops To 1 Year Low

The Euro fell to $1.326, a one year low against the dollar on concerns of Greek’s debt problems. Moody cut Greece’s sovereign rating and hinted at possible downgrades to come.  Short term bridge loans to Greece may help stabilize the decline of the Euro.

Share on Facebook

Tags: Dollar, international market

This entry was posted on April 22, 2010 at April 22, 2010 and is filed under International Markets. You can follow any responses to this entry through the RSS 2.0 feed.