FXTM Chief Market Analyst Jameel Ahmad explains how the Greek economic crisis has affected the value of the Euro in a very short space of time, analyzing specific events
Read more"As a result of current uncertainty surrounding the ongoing position of Greece in the euro zone, there is a chance of dislocation and highly illiquid conditions in the euro FX market" stated Barclays in a letter to clients of its BARX platform
Read moreThe EURUSD took a significant tumble following today's announcement that Germany had rejected Greece's repayment extension proposals, with the European central currency declining a whole cent by 9,00am
Read moreAs the anti-austerity Syriza party enters office in Greece, it becomes ever clearer that the debt which the nation faces will never be repaid, calling into question the future of the eurozone even further, and placing increased doubt over the value of the single currency
Read moreSwiss National Bank Vice President Jean-Pierre Danthine has stated that if the currency peg on the Swiss franc had been maintained, the cost would have been 100 billion Swiss francs (73 billion pounds) to defend this month alone, and that the central bank is ready to intervene once again. Meanwhile the eurozone concerns continue, with £6 billion having been withdrawn from Greek banks since yesterday's election
Read moreGreece 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
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