Currents of Currency Message Board

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Strategies & Market Trends : Currents of Currency

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From: The Wharf	7/23/2012 9:55:07 AM
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LONDON, July 23 (Reuters) - Fears Spain will have to seek a full sovereign bailout, coupled with mounting worries that Greece may leave the euro, sent the euro sliding to a two-year low against the dollar and a near 12-year trough against the yen on Monday. Spanish bonds yields soared to their highest levels since the euro was created, despite euro zone finance ministers approving on Friday terms for a loan of up to 100 billion euros for Madrid to recapitalise its banks. Analysts said this was the prime driver of the euro's fall. Murcia became the second Spanish region to request financial assistance from the government, after Valencia, with media reports suggesting six regions could seek aid. We world consumers pay an increased currency price for products. Products are suppose to cover the cost of poorly managed finances. They can't infinite source of supply on one end and limited on the other.

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