Daily Forex Commentary for March 30, 2009

March 29th, 2009 • Related • Filed Under




March 30, 2009

British Pound, Euro Feel Pressure as Recession Deepens

Pressure could be on the Euro this week as recently released economic numbers are still indicating a deepening and widening recession in the Euro Zone economy. The recent weakness is just further proof that sitting on your hands doesn’t work when it comes to stimulating an economy. Investors are still voicing their disgust at the pace at which the European Central Bank has acted toward providing stimulus to the economy whether through interest rate cuts or economic stimulus.

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