As we write this morning it has been reported that the Spanish Government have carried out independent assessments and consider Spain will need between €16 and €62 billion to recapitalize the nation’s banks. The reports show that Spanish banks’ fund needs amount to €16-25 billon in central scenario and between €51-62 billon in adverse scenario. [...]
Tag Archives: australian dollars
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FX Market Commentary Wednesday 20th June, 2012
This morning with the Greek election over we see that the global currency exchange market now is gearing up for the FOMC meeting today. Several of the large investment houses think the Fed will begin easing once more in light of stalling job creation and declining growth prospects at home, and the triple threat of [...]
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FX-Foreign Exchange Daily News Friday 15th June, 2012
In what has been a very difficult week the GBP sterling has followed its European peer and is navigating firmly above the 1.5500 mark on Friday, finding strong support around the 1.5535/40 region, ahead of the trade balance figures due later on. Market consensus expects the trade deficit to narrow a hair in April, around [...]
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