The Euro Looks Headed for a Haircut
Risk assets in general, and the euro in particular, have enjoyed a substantial rally, with the beleaguered currency once again regaining the 1.30 handle against the U.S. dollar. Much of this positive action can be attributed to Tuesday's agreement in Brussels by the European finance ministers on terms for the dissemination of a tranche of bailout money for Greece.
The markets celebrated this victory before the game ended -- the run-up in risk assets preceded the actual agreement. This morning, the bill was approved by Germany's parliament, and that ignited the final push above 1.30....541 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.