TITLE

Exchange Rates: Recent Developments

PUB. DATE
March 2012
SOURCE
Finland Country Monitor;Mar2012, p12
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article discusses the developments on the exchange rates in Finland from 2010-2011. It notes that the euro tended to come under pressure due to heightened contagion effects on Spain and Italy as a result of the sovereign debt predicament in Greece. It mentions that the euro was pressurized after the European Central Bank halted its interest-rate hiking cycle due to the precarious Eurozone growth. It also reveals that the trading up of euro is driven by the second Greek bailout deal.
ACCESSION #
72443402

 

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