BY JAVIER E. DAVID
NEW YORK?The euro is expected to remain on the defensive during the final week of 2011, but a light European calendar and sparse holiday trading conditions should keep the common currency hemmed in its recent ranges.
The euro is poised to finish the year much where it began: whipsawed by Europe's debt tinderbox while holding to potentially flimsy support. Selling pressure has abated on Spanish and Italian government debt, at least briefly, although thin market conditions are exaggerating moves in both directions. Both countries remain likely candidates for downgrades of their sovereign-credit ratings, as do Germany and France?the 17-nation ...
BY JAVIER E. DAVID
NEW YORK?The euro is expected to remain on the defensive during the final week of 2011, but a light European calendar and sparse holiday trading conditions should keep the common currency hemmed in its recent ranges.
The euro is poised to finish the year much where it began: whipsawed by Europe's debt tinderbox while holding to potentially flimsy support. Selling pressure has abated on Spanish and Italian government debt, at least briefly, although thin market conditions are exaggerating moves in both directions. Both countries remain likely candidates for downgrades of their sovereign-credit ratings, as do Germany and France?the 17-nation ...
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