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Sank Closer To Parity

Title: Euro hits 2-month low on euro zone debt fears

(Reuters) - The euro plumbed two-month lows in Asia on Tuesday while the Australian dollar sank closer to parity as rising disappointment over the European Union's summit prompted investors to position for possible downgrades of euro zone sovereign credit ratings. Rating agencies warned on Monday that last week's EU summit, viewed by some as a last chance to save the euro, did not go far enough in easing immediate concerns about the region's debt markets. The euro fell as low as $1.3160, but climbed as far as $1.3206, in the Asian afternoon on shortcovering before steadying at $1.3192. Net euro short positions totaled 95,814 contracts in the week through December 6, according to Commodity Futures Trading Commission data, and market participants said shorts likely increased in the wake ...

Tags: add to pressure on the euro • australian dollar sank

FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
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