Been watching CNBC and apparently there are rumours swirling around about a European Bank that might be in serious trouble...
"Risk aversion strikes back at the market today as European banks shares lead selloff in risk assets on rumors that a unidentified banks has sought emergency US dollar loan of as much as USD 500m from ECB yesterday"
More at the link below ::
http://www.actionforex.com/action-insight/market-overview/mid-day-report:-risk-off-again-on-european-banking-risks,-poor-us-economic-prospects-20110818146919/
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Oh No! the dreaded C wave!!!!!
Been watching CNBC and apparently there are rumours swirling...
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