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Message: <blockquote data-quote="blcdilruk" data-source="post: 11637473" data-attributes="member: 213939">Euro FailedDue  to recent market events that had a great impact on this week’s trading  activities we are sending you our Weekly Update ahead of time on Friday.  Over the past days, the Euro has stuck close to an 11-month low,  surprising quite a few who thought that the recent agreement for an  E.U. treaty amendment would sufficiently keep it propped up. So why the  drop? There are three key reasons:Last week’s E.U. summit was,  to put it simply, a failure. The little gleaned from it did nothing to  restore market confidence, and what was lost – the support of the U.K.  and the European Central Bank – did everything to undermine it.The continued refusal by the German Chancellor,  Angela Merkel, to agree to bolster the firepower of the existing  bailout mechanism is resulting in additional, unnecessary risk to  peripheral sovereign bonds. The recent results of the Italian bond auction sent the Euro tumbling to below 1.30.The Federal Reserve Bank  said on Tuesday that they’re sufficiently satisfied with the progress  in the recovery of the U.S. economy, thus there is no need for more  stimulus in the foreseeable future. That put the squeeze on risk  appetite, making the Dollar a favorite among investors.</blockquote>

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