Mid-Day Forex Technical Report - Euro Dives Following Dexia $9.2b Bailout |
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Action Insight Mid-Day Report Euro Dives Following Dexia $9.2b Bailout Euro dives sharply in early US session as markets get more bad news from European financial sector. France and Belgium are believed to be leading a state-backed rescue of the world's largest lender to local government, Dexia SA. Belgian Prim Minister Leterme said that Dexia will receive $9.2b to shore up its capital after its shares had a record decline yesterday. This, in addition to the still fresh news of failure of
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