Re: Euro 04 (Nov 10 - Mar 11)
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what's the reason for Euro to fall (against USD)? QE2 suppose to devalue USD and probably make Euro go higher? Fly to safety again?
May be because of this..
May be because of this..
Analysts attributed the rise in banking bond yields to comments which emerged from the EU summit last month that a condition of future bail-outs of euro-zone members would be that bondholders would shoulder some of the burden, as well as the fact that the Government was already enforcing burden-sharing on Anglo subordinated bond holders.
Source: http://www.irishtimes.com/newspaper/fin ... 53267.html