SAN FRANCISCO (MarketWatch) - With the European Central Bank's key lending rate at a record low, the euro has emerged as a funding currency in so-called carry trades - a practice of selling weak, low-interest currencies to buy higher-yielding assets.
LONDON - So, let's say you have mastered the euro zone concept of “financial contagion.” Maybe you even know a thing or two about the euro “doom loop,” in which sickly banks and indebted governments threaten to drag each other down a death spiral.
Defending champions Spain claimed an historic third successive major international trophy with a 4-0 rout of Italy in the Euro 2012 final in Kiev Sunday. It was a breathtaking display from the 2010 World Cup winners, with victory all but sealed by ...
The dramatic promise made on July 26 by Mario Draghi, the president of the European Central Bank, that he would do “whatever it takes” to save the euro, calmed financial markets but left many traders and economists around Europe scratching their heads.