Euro and Pound have plunged at European opening times, giving away all the ground gained on Asian session, to break below session lows, as European stock markets opened the session with losses by around 1%, as concerns about Eurozone debt problems reactivate.

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Pound Plunge On European Negative Opening

EUR/USD – Heading into the US trading day, the Euro has given back very near all of the ground gained yesterday. So far, there have not been any major fundamental announcements out of either the US or euro area economies that would direct trading today

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All Quiet On The Forex Front

The euro was the big loser yesterday, even when most other majors were able to either eke out gains or at least hold their ground versus the buck. Today the buck is higher versus the entire pack

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When It Rains It Pours, in Euroland