May 19, 2010 /EIN Presswire/ — As the euro reached a four-year low against the dollar, Germany stepped up its efforts to stop investors from trading in some high-risk short-selling securities, a practice it says is driving down the euro’s value.
The ban put an end to the naked short-selling of euro-backed government bonds, credit default swaps based on the bonds and shares of Germany’s top major financial institutions.
German Chancellor Angela Merkel made it clear that the euro was in crisis, and investors are waiting to see if other countries will follow suit, which could squeeze eurozone liquidity.
Was this a panic move by the country or simply the start of a series of regulations meant to curb high-risk investing? Read more at Forex Trading News Today:
Germany Forex news – http://forex.einnews.com/germany/
Euro Forex news – http://forex.einnews.com/news/euro-forex
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