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Daily Video Recap: Euro in Meltdown as Dollar and Yen Gain on Risk Aversion

Featured \ Nick Nasad \ 6:11 PM EST \ February 4th, 2010
nnasad

The Euro and Pound were sold off in European and then NY trading session as investors were anxious about festering sovereign fiscal issues, pushing the US dollar to multi-month highs. The Euro sank below the key $1.38 level, a new eight-month low, as investors shunned the single currency as a result of the Greece’s debt situation and as they expanded their focus to Portugal, Spain and other economies.

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