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Monday, May 21, 2012

Euro Retreats From 4-Month Lows, Yen Dips Lower


The Euro was lifted off its most recent 4-month lows in early trading on Monday but most analysts remain uneasy over the financial turmoil in Greece and Spain.
The Euro looks to be entering a consolidation phase but this may not be enough to keep Greece in the Euro Zone.
The Japanese Yen was seen trading lower amidst growing speculation that the Bank of Japan (BOJ) would further stimulate the economy by weakening the currency via easing measures in its meeting later on this week

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