"The euro slipped from a seven-week high against the dollar on Wednesday after a disappointing Spanish bond auction and weak euro zone economic data caused investors to bet the single currency had risen too far, too fast in recent days Optimism that Greece will receive more money from its international lenders had buoyed the euro over the past week, but the rally lost steam as worries about Spain resurfaced. The technical outlook also looked bearish after a break above $1.31, even as the euro's recent gains have pushed it up 1.1 percent year to date."
I don't understand this. No big investors get fooled by bailouts. These market ups and downs reek of manipulation to me. The eurozone is steadily going down the drain. The US is steadily going down the drain, slightly behind Europe. It seems to me the only reason we see ups and downs in these markets is market manipulation by central banks and their member banks.
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