May 7, 2012

...AND CHEAPER...:

Euro tumbles as Greek vote threatens austerity (Nia Williams, May 7, 2012, Reuters) 

The euro fell heavily across the board on Monday after Greek and French elections cast doubt on politicians' commitment to austerity plans aimed at tackling the euro zone debt crisis.

Traders said losses, which saw the common currency hit a three-month low against the dollar, its lowest in 3-1/2 years against the British pound and a 2-1/2 month trough versus the yen, were likely to be extended in coming days.

No one buys futures in dying nations.

Posted by at May 7, 2012 6:06 AM
  

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