1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Euro Hits 5 Month Low Against Dollar, Tortola Capital Analysts Weigh In

The euro hit its five-month low against the dollar and sterling on Wednesday. Selling of the currency was widespread as it reached a decisive break under a key support level against its U.S. counterpart.

 
PRLog - Jan. 27, 2010 - ROAD TOWN, Virgin Islands, British -- The euro hit its five-month low against the dollar and sterling on Wednesday. Selling of the currency was widespread as it reached a decisive break under a key support level against its U.S. counterpart. The dollar rallied broadly, and was boosted as investors looked to the Massachusetts election of a Republican to the U.S. Senate as an indication that the government might curb its spending.

Commodity currencies dropped amid reports that Chinese banks have been instructed to slow lending. Some analysts report that this will slow China's economic recovery and reduce its demand for commodities.

Analysts at Tortola Capital report that the election of a Republican on Tuesday to a Senate seat may pave the way for legislative and potential to a reduced U.S. deficit. This position contrasts with the situation in Europe, where Greece's ever-increasing debts continue to raise concerns about Europe’s fiscal health.

# # #

Tortola Capital is focused on providing the most comprehensive and individualized financial planning and services available. As a full service wealth management and brokerage firm, we are able to focus on the needs, aspirations and legacy of each of our clients around the globe. We individually cater services for each client’s situation, and at Tortola Capital it is our goal to understand, anticipate, and meet each client’s changing financial needs with a comprehensive offering of high-quality products and services.

--- End ---

Click to Share

Contact Email:
***@tortolacapital.com Email Verified
Source:Tortola Capital
City/Town:Road Town - Ballast Bay, Tortola - Virgin Islands, British
Industry:Finance, Business
Tags:tortola capital, investing
Shortcut:prlog.org/10507823
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share