-
Cypriot Banks to Open, Can Euro Hold?
The Dow Jones FXCM US Dollar Index rallied on the euro weakness in the past session. Tomorrow Cypriot banks will reopen after nearly two-week lockdown. The country’s government decides to put tight capital controls on bank accounts in order to prevent a mass flight of deposits. Yet, when the withdraw restriction is lifted in a week or longer, the money is going to leave anyway as depositors seek to reduce their holdings in banks amid fear of further loss. Increased money demand and fixed monetary supply (Unfortunately Cyprus can’t issue more euro) will push interest rates higher to reach a new equilibrium. ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Mar 27, 2013 9:27pm Mar 27, 2013 9:27pm
- longorshort
- | Joined Aug 2012 | Status: Member | 313 Comments
- Comment #2
- Quote
- Mar 27, 2013 10:23pm Mar 27, 2013 10:23pm
- NYRogue
- | Joined Mar 2013 | Status: Member | 52 Comments
- Comment #3
- Quote
- Mar 27, 2013 11:00pm Mar 27, 2013 11:00pm
- longorshort
- | Joined Aug 2012 | Status: Member | 313 Comments
- Comment #4
- Quote
- Mar 27, 2013 11:13pm Mar 27, 2013 11:13pm
- NYRogue
- | Joined Mar 2013 | Status: Member | 52 Comments
- Comment #5
- Quote
- Mar 27, 2013 11:28pm Mar 27, 2013 11:28pm
- longorshort
- | Joined Aug 2012 | Status: Member | 313 Comments
- Comment #6
- Quote
- Mar 27, 2013 11:56pm Mar 27, 2013 11:56pm
- elekboy
- | Joined Jan 2013 | Status: Member | 69 Comments
- Comment #7
- Quote
- Mar 28, 2013 12:07am Mar 28, 2013 12:07am
- longorshort
- | Joined Aug 2012 | Status: Member | 313 Comments
- Comment #8
- Quote
- Mar 28, 2013 7:12am Mar 28, 2013 7:12am
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
- Comment #9
- Quote
- Mar 28, 2013 7:13am Mar 28, 2013 7:13am
- fxsport
- Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
- Comment #10
- Quote
- Mar 28, 2013 7:21am Mar 28, 2013 7:21am
- longorshort
- | Joined Aug 2012 | Status: Member | 313 Comments