butterfly effect in euro
Date from December 2009, the euro against the dollar has fallen 20.4% ,it is the worst in all non-US currencies on June 7, the euro against the dollar hit a four-year low of 1.1877, reached the low point in February 2006 , New York University professor “Dr. Doom” Roubini said on the 7th, the euro fell against the dollar fell to parity, although the French Prime Minister Francois Fillon said that this phenomenon is good news.
Euro falls, the world’s other markets whom color.
Global stock markets talk about “Europe” discoloration, U.S. dollar and gold as a safe haven big sought after ,all repeatedly recorded a new high this year, June 7, the New York Mercantile Exchange gold futures in August contract reached an intraday high of 1246.6 U.S. dollars / ounce, while the dollar index hit a new high of 88.71 in the rebound.
This “butterfly effect” from the euro zone are “super-bond”, while Greece has unfortunately become the butterfly flapping its wings.
Posted: June 8th, 2010 under Breaking News.
Tags: butterfly effect, butterfly effect in euro, today's euro market news