what is happening to currency market?


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ajitscorpio   
Member since: Jun 07
Posts: 5
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Post ID: #PID Posted on: 23-05-12 14:54:19

what is going on with Forex market? i have been following eur/usd and aud/usd and both of these are falling like a knife.

aud/usd is not supporting any technical stuff. any idea how far it can fall? is there any reversal insight?



web2000   
Member since: May 06
Posts: 849
Location:

Post ID: #PID Posted on: 24-05-12 10:07:04

Greece is a tiny country and it has shaken the whole world economy. I am not an economist but just curious to know what would happen if Greece exits Euro zone and introduces its own currency. I guess it is the trigger effect most of the people are worrying about which means other countries in the European union will also exit and introduce their own currencies.



san-hugo   
Member since: Aug 10
Posts: 2009
Location:

Post ID: #PID Posted on: 24-05-12 20:08:08


Still Greece should be kicked out of Eur with all debt written-off and all these lenders compensated by the printed money ...

Time of action is the key, avoidance and delay will be only more catastrophic or are they waiting for Greece to bounce back on her feet with that loan on her shoulders !! I wonder !





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