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June Euro Currency Trending Lower

By: Jeff RatajczakMay 17th, 2011 9:54AM CDT

The June Euro seems to be in a short term down trend coming off of a recent high of 1.4925. Concern over sovereign debt problems in Europe and discussions about additional aid for Greece, might cause an increase in demand for US Dollars as a flight to quality or safe haven, putting downward pressure on the Euro.

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Jeff Ratajczak
Commodities Broker

Jeff Ratajczak began his financial career in the stock market as a retail broker in 1993. He transitioned to futures in 1999 with LFG Intermarket Group, which became ZAP Futures. ZAP Futures was acquired by RJO Futures' parent company R.J. O'Brien in 2004. At present, Jeff works with RJO's extensive IB network to take care of their FX needs. Jeff's focus is to assist clients in managing risk and speculate through futures and option strategies. Jeff attended Illinois State University..... Read More

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