Euro Falls Nearly 100 PIPS During Morning Trading Hours

Euro Falls Nearly 100 PIPS During Morning Trading Hours
February 6, 2012 Matthew Mocorro

Today, the Euro slipped against the US Dollar after Greece coalition parties failed to approve the bailout package from the Eurozone and International Monetary Fund (IMF). The proposed bailout package includes 130 billion euros ($170 billion) and drastic reform policies such as minimum wage and pension reductions, job cuts and stricter tax enforcements.

Greece’s lack of urgency to finalize the bailout agreement is causing volatile market conditions in the Forex. The Euro fell nearly 100 PIPS in early morning trading hours.

Euro Falls Nearly 100 PIPs

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