The Icelandic crown skidded to a fresh record low against the euro on Friday |
|
EMERGING MARKETS According to an article published by S&P, the ratings agency have turned negative on some EM sovereign credits. The article titled: 'At The Top Looking Down' suggests that the trend of improving credit fundamentals in EM sovereigns that has prevailed since 2003, appears to have run its course. S&P said the EM credit quality that has improved in the last 5 yrs will not be lost but the agency sees little further upside, commenting 'a pronounced downside is beginning to
Filed under: Fundamental
Latest Posts
- Citigroup volatility makes for option day-traders heaven - financials remain pressured
- Today’s Live Show
- Forex Fundamental Outlook - Forex Trading, Currency Forecast, FX …
- Time for another rescue package
- Stock markets continue weakening
- ECB to ease aggressively - yields will fall further
- London Gold Market Report
- Euroland: Very weak PMI should spur ECB to cut rates dramatically
- Currency Currents
- Currencies also sidelined although some Yen crosses dipped below October’s low
- Currencies also sidelined although some Yen crosses dipped below October’s low
- Currency Currents
- What will happen in the American session?
- Power up!
- Power up!