Monthly Archives: July 2011

PIGS Nations – European Region

The European region is getting riskier day by day because of the ballooning debts of PIGS including Ireland. It is creating a threat to EURO currency and recently EURO is declining against some major currencies like: EURO/CHF – Euro dropped to record low against Swiss Franc to 1.16 last week almost a drop of 100-150 Pips. EURO/USD – Euro is facing pressure of even against Dollar and got slide to 1.40. EURO/INR – Indian currency is getting stronger against EURO and trading at

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