Mirrored the BNN interview http://watch.bnn.ca/#clip600646 with Kathy Lien. France downgrade has potential to cause the EFSF to be downgraded as well since it is 1/3 funded by France. However, as I was preparing this video I heard off the ZeroHedge TalkingForex stream that they said a reporter from one of the twitter feeds they monitor was saying NO downgrade for EFSF. We will have to keep monitoring. Kathy's twitter is @kathylienfx
Kathy Lien was right, they downgraded the EFSF. Hot off the @dailyfxteam twitter stream "$EURUSD falls from 1.2674 to 1.2665 following EFSF downgrade"
bearishtrader 1 month ago