Daily Video Recap (4/28): Euro Hits Fresh 1-year Low On Spain Downgrade, FOMC Keeps to Status Quo

The Euro suffered another round of selling as Standard & Poor's followed up its downgrade of Greece and Portugal yesterday with a downgrade to Spain's credit rating. That pressured the Euro, though risk sensitive currencies like the Aussie and Loonie managed to gain on today's session. The FOMC upped its outlook for the economy but kept its pledge to hold rates at their low levels for an extended period helping to boost risk appetite in US equities and oil. Finally, the Pound was pressured by comments on its economy from a former MPC member.

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Analyst: Nick Nasad

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Category:

News & Politics

Tags:

• forex
• trading
• finance
• currencies
• news
• economy
• fx
• foreign
• exchange
• dollar
• euro
• yen
• pound

[762lenny]

Wow I am glad we want to use Europe as a model for the US monetary system - NOT!!

[1Guitarslayer]

the U.S. is speeding into this situation...

Clean the House in November, and don't forget the Senate!

[7216sp]

This is th U.S if we don't stop spending.