Current currency exchange rates
hat assumption may be true over the long term, but the contagion risk associated with such an event is significant and the immediate costs to the Eurozone are enormous.
apital Economics: - Not only would it be uncharacteristic for currency markets to be quite so forward-looking, but even a limited euro-zone break-up which sees the exit of Greece and one or two other small countries would still have severe adverse economic and financial effects. And there would surely be, for a time at least, fears of a bigger break-up. Accordingly, it seems more likely that the markets have simply not taken break-up risks very seriously.The FX markets are finally taking breakup risks more seriously as the spike in exit probability coincided with a sharp correction in the EUR-USD FX rate as the
Source: Sober Look
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Moody's Downgrades Italian Banks2012-05-22 08:37:14 by YT01STL-A
Moody's Downgrades Italian Banks
Moody's Investors Service kicked off its long-awaited downgrades of European and global banks by docking the credit ratings of 26 Italian lenders, a move that could ratchet up the continent's banking woes at a critical time for the currency union.
The downgrades, which cite the banks' vulnerability to mounting loan defaults and potential funding problems, were expected, but they nonetheless add to concerns by making it more expensive for the banks to finance themselves via the capital markets.
The ratings for Italian banks are now among the lowest within advanced European countries, reflecting these banks' susceptibility to the adverse operating.
Wake up America!!!2012-05-01 20:35:59 by DermalDeviant
This is my response to a question I read elsewhere about the possibility of American media being dishonest/misleading or would
they /could they ever feed us propaganda or censor vital news in a modern technological age, where communication over great distances is nearly instant and video cameras are everywhere.. I
Well to answer that question, the fact is that the mainstream media here today is PRIMARILY fed propaganda and distraction. It has been this way for nearly a century.
To understand this thoroughly you must look at this story like most, from the beginning. In 1913 The Federal Reserve Act was passed (google it, the story is insane!). The passing of the (unconstitutional) Federal Reserve Act meant that the US Government will forfeit all rights to coin (or...
Currency Markets To Shrug Off Greek Deposit Withdrawals-Barclays — Wall Street Journal
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Spain news lifts local currencies — Voxy
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WORLD FOREX: Currency Markets Subdued In Holiday-Thinned Trade — NASDAQ
Meanwhile, the dollar pared some of Friday's losses against the Japanese yen after the Bank of Japan checked rates in currency markets and spooked traders. The dollar spiked sharply to Y78.50 in Asian hours, although much of the gains had been eroded …
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WORLD FOREX: Currency Markets Calm But Unease Grows Around Spain — Wall Street Journal
By Eva Szalay Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Currency markets were mostly steady Tuesday but worries about the Spanish banking sector kept demand for safer assets well supported and pushed German bund yields to a new record low, …