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Video: FX Update - Euro pain

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March 23, 2011 AUD, BOE, CAD, ECB, EFSF, EUR, Fed, GBP, JPY, QE2, QE3, USD, forex, johnjhardy, reutersfx, summit
The complacent Euro-longs got an ugly wake-up call today as the pre-EU summit announcement suggest that EU politicians are making no progress on the impasse in Ireland and on an enormous delay on decisions concerning the revamping of the EFSF mechanism until June. We look at today's news flow and market activity and what it all means.