U.S. equities fell sharply today along with many high yielding currencies. Even though the euro ended the day lower against the U.S. dollar, its relatively modest decline has baffled some investors especially considering that much of the market’s concerns still stem out of Europe. More speculation continues to weigh on the markets with the latest being the possibility of Moody’s downgrading France.
http://www.fx360.com/commentary/kathy/6565/eur-decouples-from-stocks-but-not-for-long.aspx
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