A
ANye
- Original Poster
- #1
The financial markets are still mulling over the repercussions of the Cyprus drama and their angst is being fuelled by comments by Dutch Finance Minister Jeroen Dijsselbloem, that the EU sees the Cyprus deal as a template for any further bailouts. i.e. bond holders will lose their fund entirely and larger savers would have some of their funds syphoned off to aid the bailout. That was later denied according to a report on Bloomberg but investors with funds in EU banks are understandably edgy and all eyes will be on the Cypriot withdrawals over the weeks ahead. The fear of a run on European banks and the political pressure that would produce is ever-present and there are many reports about the rise of the German Anti-Euro political party.
The Euro remains at the weaker end of its range in anticipation of those events. The Euro-US Dollar rate looks destined to head for $1.2720 and Sterling - Euro is threatening to press towards 1.19 and perhaps as high as 1.1990.
Today's Exchange Rates - One GBP (British Pound Sterling) buys:
1.4473 Australian Dollar (AUD)
1.5397 Canadian Dollar (CAD)
1.1826 Euro (EUR)
142 Japanese Yen (JPY)
1.8084 New Zealand Dollar (NZD)
1.5108 United States Dollar (USD)
The Euro remains at the weaker end of its range in anticipation of those events. The Euro-US Dollar rate looks destined to head for $1.2720 and Sterling - Euro is threatening to press towards 1.19 and perhaps as high as 1.1990.
Today's Exchange Rates - One GBP (British Pound Sterling) buys:
1.4473 Australian Dollar (AUD)
1.5397 Canadian Dollar (CAD)
1.1826 Euro (EUR)
142 Japanese Yen (JPY)
1.8084 New Zealand Dollar (NZD)
1.5108 United States Dollar (USD)
