euro update
If The Euro Breaks Up, What are the Currencies Prices?
If countries left the euro, old currencies would have to be revived. But where would they trade Each country entered the euro with an “irrevocable conversion rate.” The IMF uses the rates in its World Economic Outlook to compare and transform data prior to 1990. Using those rates and the latest euro close of 1.2560 on May 21, we can see how those currencies would trade against the greenback. To read the remainder of this article, subscribe to my trading blog for free…
Euro Update
Euro jumped on news of Greece getting cheaply funded Euro Debt from the EMU. The Rally may be short lived Watch upper TRN at 1.3635 to hold… to read the remainder of this outlook, register for the members-only area
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