The Euro managed to bounce off lows, but this seems as a small correction after the big fall. In an interview on Forex TV, I spoke with Julie Sinha about fresh troubles in Europe, the impact of these news on trading conditions during Thanksgiving, the importance of the jobless claims figure and more. Enjoy!
The frozen auction of Iberdrola, an Spanish state owned utility, is another sign of contagion. We covered this and the impact of the Irish crisis on the British pound. The markets are slowly digesting the huge exposure of the Brits to their neighbors. I also discussed the state of the Japanese yen caught between its safe have status and the Korean crisis near its shores.
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