Arab Today, arab today euro slides back beneath 142
Last Updated : GMT 02:11:46
Arab Today, arab today
Arab Today, arab today

Euro slides back beneath $1.42

Arab Today, arab today

Arab Today, arab today Euro slides back beneath $1.42

London - AFP

The European single currency sank back under $1.42 on Wednesday as the foreign exchange market reacted nervously to market speculation of a French credit downgrade, which has been denied. The shared eurozone unit fell as low as $1.4163 at about 1410 GMT. It later pulled back to $1.4178, down from $1.4374 late in New York on Tuesday. \"The market\'s fretful mood was clearly evident in the way it reacted to rumours of a French bank downgrade,\" said Rabobank senior currency strategist Jane Foley, in reaction to the euro\'s steep drop. \"Exposure of French banks to peripheral debt is perceived to be relatively high which has led to French government bonds under-performing core German and Dutch counterparts recently. She added: \"The vulnerability of core Europe appears to be opening up and this is illustrative of the fact that the sovereign debt crisis is entering its most critical phase to date.\" France has \"categorically\" denied rumours it was heading for a downgrade of its AAA credit rating after the United States was stripped of its top rating by Standard & Poor\'s late last week. The rival Fitch ratings agency on Wednesday confirmed that France was retaining its top triple-A credit rating amid rumours that it would lose the prized status. In earlier trade, the euro had risen in value against the greenback, one day after the US Federal Reserve indicated it will keep interest rates on hold near zero for at least two years.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today euro slides back beneath 142 Arab Today, arab today euro slides back beneath 142

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today euro slides back beneath 142 Arab Today, arab today euro slides back beneath 142

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday