iPoint (iPoint.cz)
Czech markets  |  September 04, 2012 09:18:46

View stock 9.4: What can trigger the currency crisis in the euro area? (+ NWR)


The risk of an outbreak of a currency crisis in the euro area is still realistic. Not for nothing is said about the crisis of the euro, while European leaders have pledged to do everything to save him. It's been about a month and a half since the Draghi delivered his famous verbal intervention-a speech with emphasis added, that action by the ECB will do. Since then, the currency pair EUR / USD rose from around $ 1.2100 up to $ 1.2600 today. At first glance, it is a completely irrational move, because traders to loose monetary policy in most cases react by selling the domestic currency. The euro's not true, which only confirms that the risk of a currency crisis outbreak should not be overlooked. Currency crisis occurs when there is a sharp weakening of the domestic currency accompanied by a massive outflow of capital abroad. Between capital flight and depreciation of the domestic currency is strong feedback.If speculators know of this fact, the loose monetary policy to react opposite than under normal circumstances. From Friday Bernanke's speech in Jackson Hole, however, the markets became something special ...

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Akciový výhled 4.9.: Co může spustit měnovou krizi v eurozóně? (+NWR)

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