The EUR experienced a rough trading day versus its major currency pairs as economic data from the Euro-Zone was mixed. Despite positive news from Germany which helped boost the EUR, the credit downgrading of Greece to BBB+ status put a damper on some of the optimism in European trading. A muted rise in risk appetite also yielded some mixed results for the USD. While the greenback has been positive against many of its counterparts, it has continued sliding against the yen and many are expecting some downward corrections later this week. However, the dropping value of Crude Oil gives a level of indirect support to a stronger Dollar and some European bankers have said that the USD is roughly 20% below its more realistic value against the 16-nation Euro-Zone currency. With such volatility in the market, it is essential to have as much up-to-date information as possible. Traders can now follow ForexYard's market updates via Twitter at twitter.com/forexyard. ForexYard has also introduced an iPhone trading app which allows you to check and even open or close trades from your iPhone.

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