Greece elects far-left party which opposes austerity, weakening the euro to an 11 year low of $1.1098 as fears loom for ongoing economic crisis
Read more"Such a mis-pricing of sovereign risk within the Eurozone was a key feature of the pre-credit crisis environment. Whilst premium are wider (Italy just over 1% above Germany, vs. 0.2%-0.3% in 2007), yields are lower." - Simon Smith, Chief Economist, FxPro
Read moreIs this the end of Swiss commitment to purchasing Euro? FXTM Chief Market Analyst Jameel Ahmad looks in that direction
Read moreWould a 'Grexit' cause sudden depreciation in the Euro? Professor Eric Dor's study takes a look at the exposure with which European banks are faced, and examines the factors that could be an unsustainable burden to the ECB
Read moreAs European countries continue to struggle with national debt, currency reserves in the euro held by central banks fell to its lowest in over a decade in the third quarter of 2014 at less than 23 percent, according to International Monetary Fund (IMF) data released on December 31, 2014
Read moreThe European Central Bank (ECB) surprised financial markets today, Thursday September 4th by paring back its key interest rates to new all-time lows. Against a background of growing concern that the single currency area is on the verge of deflation, the ECB cut its central "refi" refinancing rate to 0.05 per cent from 0.15 per…
Read moreICAP Information Services (IIS), the information division of ICAP, and MTS, a leading fixed income electronic trading venue in Europe, announced today that they are expanding the RepoFunds Rate indices to include RepoFunds Rate Euro (RFR Euro), a daily repo index for Eurozone sovereign bonds. The new index, RFR Euro, is derived from eligible repo…
Read moreFrankfurt’s establishment as one of the Eurozone’s first offshore clearing hub for RMB trade settlement along with the city of London will be a huge boost to European corporations trading with China, especially those that are mid-sized, a senior Commerzbank official says. Frank-Oliver Wolf, Global Head of Cash Management and International Business at Commerzbank, comments: “The…
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