Euro dollar moved up slightly yesterday (April 10th), but investors remain wary about the Euro. There is continuing conern about the financial crisis in the Euro-zone, particularly the financial crisis in Spain. These worries were underscored by the disastrous Investor Confidence indicator, which dropped to -14.7. The Euro managed to recover from these poor figures, but further weak data out of the Euro-zone could spell trouble for the continental currency. There are several releases in the US today, with the Federal Budget Balance being of the most interest – the markets are predicting some improvement after a very poor showing in March.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-april-11-euro-holds-steady-but-investors-concerns-shifts-to-spain/"]EUR/USD holds steady, but Investors’ Concerns Shifts to Spain[/URL][/I][/B]
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