UBS suffering from U.S. subprime crisis

The Euro declines for second day against the dollar after the release of UBS plan for additional capital of $15 billion. The bank is the biggest European bank loser from U.S. subprime crisis. An UBS problem is the first solid signal for the spread crisis in the European Union. Europe will suffer from U.S. crisis predict some expert’s very soon. After the UBS bank news was release follow mass euro sells. The recovery of the dollar will continue. The expert of George Marshal forecast that the euro would down to 1.5450 against the dollar. Yesterday the EURUSD was trading at 1.5896 just 6 pips away from the ever time record. After that the EURUSD recovered to 1.5653 during the morning European session.

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