Moody's Downgrades Greece, And Portuguese Yields Are Surging, So Of Course The Euro Is Rallying

This is what has Euro bears tearing their hair out.

Moody’s downgraded Greece this morning by three notches.

Portuguese yields are blowing out, to what are basically all-time highs.

And… the euro is surging to $1.40.

Something’s wrong with this picture, it would seem.

For more on the euro, see Morgan Stanley here.

Here’s a one-year look at Portuguese yields:


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

euro moneygame-us