Thursday, May 26, 2011

More News Pressuring the Euro, lifting the Dollar

Just got this news:



Euro vs US Dollar Euro off its session highs following Juncker comments that IMF might not release the next tranche to Greece in June

(EU) ECB's Gonzalez-Paramo: Feels Spain has some issues that must be resolved; Regions in Spain should aim to meet their deficit targets to calm investors

Bank of Ireland (IR) Ireland Fin Min could force losses on sub debtors in a junior debt for equity swap scheduled for tommorow - financial press
- Losses could be forced if some debtors refuse to take the offer

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