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Shaw Capital Management News -Foreign Exchange Markets 2010 Part 4
3 pages
Published by
Peter Kennedy
Shaw Capital Management News -Foreign Exchange Markets 2010 Part 4
Prospects therefore remain disappointing, and are being made worse by the differences that
exist between member countries.
The European Central Bank therefore faces a...
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Shaw Capital Management News -Foreign Exchange Markets 2010 Part 4
Prospects therefore remain disappointing, and are being made worse by the differences that
exist between member countries.
The European Central Bank therefore faces a difficult
situation.
It continues to forecast “moderate” growth and “moderate” inflation; but it is being
severely criticised for failing to address the problems of a two-speed economy, and for its
unwillingness so far to face the threat that the deteriorating situation in Greece could quickly
begin to destabilise other member countries and have serious consequences for the financial
stability and growth prospects of the entire area.
It is not surprising therefore that investors and speculators have started to reduce their exposure
to the euro.
Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - The critical
question therefore is whether the fall of the euro is now over.
Since the currency is unlikely to
receive any real support fro
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