Euro: The Beatings Will Continue Until Morale Improves

Posted by

The Euro’s troubles began earlier this month and with every upset gyro cart in Athens, the beatings have continued.

From the WSJ:

LONDON — Support for the euro has turned very soggy very quickly, with sovereign credit risk in Greece, banking stress in Austria and weak economic data all suddenly proving a major drag.

The currency has plunged from over $1.51 against the dollar at the start of this month to trade under $1.4550 Tuesday for the first time since early October.

Now it seems that traders are latching onto every available sliver of negative news on the euro and using it as a trigger to punish the currency, particularly against the resurgent dollar.

I’m very far from any kind of expert on currency/FX stuff.  I am, however, a forced participant in the larger sovereign debt controversy as are you if you own risk assets right now.

Source:

Tables Turn on the Euro  (WSJ)

Tags: , , , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. movies123.video commented on Sep 16

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  2. w88 commented on Sep 21

    … [Trackback]

    […] Here you can find 13585 more Info on that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  3. eatverts.com commented on Sep 23

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  5. Bitcoin Era Review 2020 commented on Oct 01

    … [Trackback]

    […] There you will find 91537 additional Information on that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  6. older dating commented on Oct 14

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  7. dumps with pin shop commented on Oct 31

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  8. Harold Jahn Canada commented on Nov 04

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  9. Bil skrot Trollhättan commented on Nov 18

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  11. tutoring online commented on Nov 23

    … [Trackback]

    […] There you will find 87396 more Information to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  12. tangerine chequing account sign-in commented on Nov 26

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  13. enterprise digital transformation commented on Nov 26

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  14. 메이저놀이터 commented on Dec 10

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

  15. Devops commented on Dec 16

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2009/12/15/euro-the-beatings-will-continue-until-morale-improves/ […]

HowIInvestMyMoney