OctaFX | OctaFX Forex Broker
Open trading account

Ireland and Portugal might be granted loan repayment extension on Friday

FXstreet.com (Barcelona) - Eurogroup head Jeroen Dijsselbloem told reporters today that Ireland and Portugal will most probably be granted a 7-year extension on the maturities of their bailout loans, during the meeting of EU finance ministers due to begin on Friday.

“The intention is very positive,” Mr Dijsselbloem said. “I hope that we will be able to finalize that tomorrow.”

This move would help the countries return to full market financing.

Forex: USD/JPY hits daily lows

The US dollar fell to a fresh daily low versus the yen at the beginning of the New York session as risk appetite tempered. USD/JPY retreated from the 99.80 area back to 99.10 and it is currently trading around 99.35/40 where it is 0.4% below its opening price.
Read more Previous

Forex Flash: BoJ policy has global ramifications – Goldman Sachs

The importance of the BoJ’s shift extends beyond Japan’s own markets in ways that mostly reinforce our core views. The BoJ is extending the long easing in G4 financial conditions. “Beyond its direct contribution, Japan’s easing helps—at the margin—to keep policy easier globally and yields lower both outside and inside Japan. This should help to underpin a move to fresh highs in global equity markets, as long as the global growth environment does not deteriorate further.” Suggests the Economics Research Team at Goldman Sachs.
Read more Next
Start livechat