Weekly FX roundup: EU, IMF ups Greek package as Portugal and Spain see downgrades

03 May 2010

With an absence of any notable data releases until the latter part of the week, the markets were once again driven by developments tied to the Greek crisis. Markets were generally in a bearish mood on fears of contagion risk spreading through the European Union, keeping risk appetite capped. EURUSD hit a yearly low of 1.3115 before closing its third consecutive week lower at 1.3292.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications