European Session – Euro claws back losses
Posted on October 11, 2012 at 1:21 pm GMTThe European session saw a little more risk sentiment giving some boost to the euro and other risk currencies. Euro was able to recover some losses made after Standard & Poor’s cut Spain’s credit rating by two notches to just above junk status. Gains for the euro are expected to be limited due to ongoing uncertainty over when Spain would request a bailout from the EU. If it does, then this would be positive for the euro. Meanwhile, Greece is [..]