The US dollar soared today in the midst of a crisis in the Eurozone no longer contained to Greece. Please consider Portugal’s Debt Rating Lowered by Fitch on Finances Portugal’s credit grade was cut by Fitch Ratings for the first time, underscoring growing concern that Europe’s weakest economies will struggle to meet their debt commitments as finances deteriorate. The rating was lowered one step to AA- with a “negative” outlook, Fitch said in a statement today, adding that further economic …

Continue reading here:
Slow Motion PIGS Wreck; Dollar Soars as Contagion Spreads to Portugal; Greece "will default at some point"; What’s Next?