Feb 072012

Euro has made good gains in last couple of days after falling earlier due to anxiety about Greece. The biggest fear (for Euro at least) is the prospect of Greece leaving Euro. Keeping that aside, the impact becomes much smaller given the relatively smaller size of Greek economy. So maybe Euro’s rise doesn’t mean that Greece situation will be solved, but just that it won’t be leaving Euro – at least for the time being.

3 Month Chart for Euro-USD:

Source: MarketWatch