As the problems in the Eurozone go on unsolved, the Euro started to fall this week as optimism has turned into risk aversion. Of course, this change has been benefic for the Swiss Franc, which has registered growths on concerns related to the situation in the European Union.
Even though there have been traders who have believed that the optimism shown two weeks ago, which has caused the Euro to grow incredibly, is going to persist for the previous week as well, reality shows us that the Euro started to fall on concerns related to the evolution of the sovereign debt crisis. The attention of traders has focused on the Group of Twenty summit and in the possible changes of the bailout fund, both of which have had a negative impact upon them. Initially, the sentiment related to these events has been a positive one, but it had gradually turned into a negative one as doubts started Read more »