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Investor confidence in the Euro-Zone went down overly anticipated as the Sentix index slid to -27.8 from -20.2 in September. A deeper look at the report indicated that investor anticipations pushed to -41.0 from -28.0 in the previous month, showing that market participants anticipate the monetary market to worsen more as the results of the U.S. economic crisis leaks into the worldwide economy. Throughout the weekend, we saw the rescue package for Hypo Real Estate did not succeed since new liquidity breaches appeared, which caused the euro-dollar (EURUSD) to break under 1.36. Increasing chaos in the European economies indicates that investors might keep on holding a harsh position going further, which would only accelerate bearish sentiment for the euro.
22:18
Posted on Oct-07-2008
