Daily Forex Commentary April 9, 2010
April 9, 2010
Euro Rallies on Speculation of Greece Bailout Package
The European Union stood ready to rescue Greece if needed after Fitch Ratings cut the country’s credit rating to the lowest investment grade. The move appears to foretell
that emergency bailout funding is forthcoming. During today’s session, billionaire George Soros expressed his opinion about Greece by stating that “they have to be given some help from Europe or the
IMF at concessional rate.” He then added that “it is make or break time for …
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