Daily Video Recap (4/27): Euro Tumbles on Downgrades to Greece & Portugal

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Uploaded by on Apr 27, 2010

Uncertainty and risk aversion reigned in the currency markets today as Standard & Poor's downgraded Greece's sovereign debt rating to junk status while also downgrading Portugal. That caused a sharp sell-off of Euro's and other higher yielders and buying of safe-haven currencies like the US Dollar and Yen.

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News & Politics

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  • I was holding Yen last night :) yay

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