The euro zone has avoided a major currency crisis so far because of the dispute around raising the debt ceiling on the other side of the Atlantic, David Bloom, global head of foreign exchange strategy at HSBC, told CNBC on Monday. "The Europeans should be thankful that you have a debt ceiling [dispute] on the other side that has stopped a real European currency crisis," he said. "It’s a debt crisis not a currency crisis and we have the US debt to thank for that." Combative talks between Democrats and Republicans over the US debt ceiling have so far failed to reach a conclusion, and the August 2 deadline to resolve ... (full story)