Wednesday, September 28, 2011

"Euro drifts ahead of German vote"

From Reuters:
The euro was under modest pressure in Asia on Thursday on profit taking and squaring of positions following a large three-day rally, with investors still worried about the European debt crisis ahead of a crucial vote in Germany.

The euro was hovering at $1.3531, having climbed as far as $1.3690 at one stage, only to fade as the mood on Wall Street turned south following the extension of short-selling bans in some European nations.
The common currency, which dived to an eight-month trough of $1.3360 on Monday, has managed to pare some of its recent heavy losses, but is still down nearly 6 percent this month....MORE
The German Parliament votes at 0900 GMT on Thursday. 
Both the pundits and the currency seem to believe the vote will bind Germany to pay for the rescue of, well here, here's a list: