FX

FX open: Euro falls as ECB looks on

By Francisco Miñana

Date: Wednesday 16 May 2012

  • Glossary
  • Basis point: One-hundredth of a percentage point
  • Risk premium: Difference between the yield on a nation's benchmark 10-year bond and the yield on the German equivalent bond

Wednesday morning saw the European session kick off with the main equity benchmark indices down by a percentage point on average, on worries over the Greek political situation.

Greece’s political problems with new elections in the pipeline and speculation that it will leave the euro are hurting European...

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