An Ugly December For The Euro So Far

Le Euro hasn’t been looking good since the start of the month and today’s credit downgrade on Greece’s sovereign debt certainly didn’t help.  Wondering about the strength in the dollar and the weakness across commodities today (ex-nat gas)?

Look no further than here:

Euro Dec 09

EURUSD from December 1st 2009

The ratings agencies seem to be in the driver’s seat here as Latvia and other weakened states await their verdict.  Stay tuned.