Euro in the Eye of Continental Storm –

May 10, 2012 – The Euro Seems Immune to the Chaos that Surrounds it:  The euro has been weakening against the yen and would likely be lower against the Swiss franc were it not for efforts by the Swiss National Bank to halt its currency’s rise. But when it comes to its resilience against the U.S. dollar, market participants rattle off a list of reasons. Perhaps the most dominant, they say, is a state of balance between capital flows in and out of the euro zone.

On the downside for the euro: Investors have pulled nearly $15 billion from European stock funds since the start of the year, according to data from EPFR Global. That overwhelms the almost $4 billion that has gone into European bond funds, and the disparity exerts downward pressure on the euro.

On the other side of that equation: European banks have been buying euros as they shed overseas assets and bring money home to meet capital demands from regulatorsClick the link below for the complete story.

The Master of Disaster

Euro in the Eye of Continental Storm –

About wfoster2011

Disaster researcher and current financial and economic news and events: Accidents, economics, financial, news, nature, volcanoes, floods, earthquakes, fires; airplane, ship & train wrecks; tornadoes, mine cave-ins, hurricanes, pestilence, blizzards, storms, tzuami's, explosions, pollution, famine; heat & cold waves; nuclear accidents, drought, stampedes and general. Futures trader using high volume and open interest futures markets. Also, a financial, weather and mundane astrologer with over 30 years of experience. Three University degrees from California State University Northridge: BS - Accounting MS - Busines Administration BA - Psychology Served in the U. S. Army as an Armored Platoon Leader in the 5th Battalion, 68th Armored Regiment, 8th Infantry Division (Retired). Have published three books and 36 articles available for sale through my blog: Commodology - Secret of Soyobeans (Financial Astrology) Timing is the Key (Financial Astrology) Scum City, a fiction novel (no longer available, under contract to major publisher) Currently resident of Las Vegas, NV, USA
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1 Response to Euro in the Eye of Continental Storm –

  1. Reblogged this on and commented:
    European chaos.

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