Interestingly there seem to be contrasting views as to how the news of a euro zone financial rescue package/fund (is there one?, who knows given the various rhetoric) impacts the euro.
Some feel news of a reserve fund to bailout struggling euro zone members is a plus, as it ensures no member country will be allowed to go bankrupt.
Others however see the need for a fund as a negative and are honing in on Otto Bernhardts’ comments that there is a greater chance of the fund (if it exists) being tapped, than not. All very confusing.
Suffice it to say, despite all the above, sentiment remains generally negative toward the greenback.
