European chaos.

Chaos Sweeps Away the World We Know! The Disaster, current events & Catastrophe Blog. Forecasts for 2014 to 2022. Read tomorrows news today! Plus current economic, commodities, stock indices and financial news.

May 10, 2012 –The Euro Seems Immune to the Chaos that Surrounds it:  The euro has been weakening against the yen and would likely be lower against the Swiss franc were it not for efforts by the Swiss National Bank to halt its currency’s rise. But when it comes to its resilience against the U.S. dollar, market participants rattle off a list of reasons. Perhaps the most dominant, they say, is a state of balance between capital flows in and out of the euro zone.

On the downside for the euro: Investors have pulled nearly $15 billion from European stock funds since the start of the year, according to data from EPFR Global. That overwhelms the almost $4 billion that has gone into European bond funds, and the disparity exerts downward pressure on the euro.

On the other side of that equation: European banks have…

View original post 42 more words

One thought on “

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s