empty
 
 
Spain's Rating Cut: New Euro Lows
loader

On Tuesday one of the largest analytical agencies Egan-Jones lowered the credit rating of Spain for the third time to BB-. Investors fear that the rating of the country will soon be reduced by three influential international rating agencies: S&P, Moodys and Fitch. Such a situation already occurred in April.


Experts say the countrys economy is sinking into recession. Moreover, Spain is suffering from the budget deficit and enormous public debt, as a result, the national banking sector is being underfinanced.


On Friday the authorities of Spain announced the plans to financially support a troubled bank, Bankia. So, market participants doubt whether Spain will follow the path of Greece or not.


Consequently, the single European currency is sliding. The euro reached new highs versus the US dollar, having fallen by 100 points to the level of 1 US dollar and 24.8 cent on Tuesday.


Demand for the euro shrank. The single European currency will be under pressure until the Eurozone crisis unwinds.

Calendar and reviews
ایڈیٹر کی پسند
Modern Kiev is an administrative, cultural and financial center of Ukraine. It is one of the biggest cities in Europe with significant economic potential. Out of over 250 foreign and national banks working in Ukraine, about 100 banks are situated in Kiev. There are also a lot of insurance, consulting and clearing firms, stock exchanges, and investment funds. Kiev became one of the regular hosting cities for ShowFX World exhibitions. A strategic partner and participant of the ShowFX World Expo 2012 was InstaForex Company.
Roman Tsepelev, Strategic Development Director at InstaForex, speaks about innovations that streamline trading process (ShowFx World Exhibition in Jakarta)
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$6000 مزید!
    ہم دسمبر قرعہ اندازی کرتے ہیں $6000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback