Daily Forex Commentary May 10, 2010

May 10, 2010 Euro Pares Gains; Investors worried about Long-Term The Euro finished higher but finished well off its Monday high. This was expected since the announcement by the European Union to inject close to a trillion Dollars into the Euro Zone financial and economic system triggered a short-covering rally but failed to attract new buying. Traders are now looking at the move by the EU as a short-term fix to a long-term problem. The arrangement by the EU looks more like … Read More …