Economic
Decrease in debt ratings Athens Greece while trying to secure it through new EU funding and the International Monetary Fund rocked the euro, and encouraging increased United States dollar in trading on Wednesday (1 / 6) local time.
The euro rose to 1.4459 dollars before it starts to fall, because of Greece's debt ratings enurunkan news hit the market. The single currency was at 1.4331 dollars at 21:00 GMT Thursday (04:00 GMT), compared with 1.4397 dollars late on Tuesday (31 / 5).
Swiss franc traded as high as 0.8383 per dollar before settling at 0.8415, compared with 0.8534 the previous day. The bad news is cut Greece's credit rating to Caa1 from B1 hitting the market that has grown more confident in the euro in the morning.
This places the possibility of default at 50-50, citing "increased the risk that Greece would fail to stabilize the position of the debt without restructuring the debt" and the private sector creditors must take some of the pain as a result.
"Although the euro has lost significant momentum to the three funds and is therefore safe-haven currency during the last month ... the pressure drops likely remain until a resolution can be achieved, which does not look like a possibility until at least mid-June," said Christopher Vecchio from DailyFX. (Ant / ARI)
0 comments:
Post a Comment