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, Moody�s and Fitch. Such a situation already occurred in April.


Experts say the country�s 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.

Calendario y reseñas
Elección del editor
InstaForex TV team visited the Iguazu Falls and the world-known Brazilian Bird Park on the way to Dakar 2012 in South America. InstaForex is the title sponsor of InstaForex Loprais Team, a participant of the Dakar rally. Join us in our promenade and listen to the roar of great water streams falling from the celestial heights, feel the dew of rainforests and enjoy bright colours of tropical birds. In this video you will learn why the Iguazu Falls is called a Wonder of the World and see birds which you can hand-feed in park aviaries.
Sergey Kovalenko, trader at InstaForex, speaks about $1,000,000 he earned and his future plans (ShowFx World Exhibition in Kiev)
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback