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Cross-currency basis feels the BEAT Broadly, the rise in foreign-bank CP issuance is consistent with another one of Pozsar's arguments: Foreign banks could be narrowing the basis by lending dollars into currency swap markets instead of borrowing like they usually do. They might just be raising dollar funding in CP markets and lending ...
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The Return of Stock as Currency in Acquisition Transactions In the public M&A market, all-cash deals have been king for the past few years even while stock prices (and thereby the value of stock as potential deal currency) have been at or near all-time highs. Recently, however, there has been a spate of transactions in which stock is used as deal currency.
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Daily Currency Outlook: AUD/USD And EUR/CHF : March 27,2018 Intraday bias in AUD/USD remains neutral at this point as consolidation from 0.7671 temporary continues. With upside limited well below 0.7915 resistance, near term outlook remains bearish. Break of 0.7671 will resume whole decline from 0.8135 and target 0.7500 key support level next. However ...
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Daily Currency Outlook: EUR/AUD And EUR/GBP : March 27,2018 EUR/AUD reaches as high as 1.1631 so far as recent rally extends. Intraday bias remains on the upside at this point. Sustained break of 61.8% projection of 1.5130 to 1.5976 from 1.5621 at 1.6130 will target 100% projection at 1.6444 next. On the downside, break of 1.5857 support is needed to indicate ...
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Daily Currency Outlook: EUR/JPY And GBP/JPY : March 27,2018 EUR/JPY's rebound form 128.94 extends to as high as 131.80 so far. However, it's still limited below 132.40 resistance. Intraday bias remains neutral with outlook staying bearish. Another decline is expected. On the downside break of 128.94 will extend the whole fall from 137.49 to 126.61 medium term ...
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Dollar gains on improved sentiment, month-end flows But the common currency slipped 0.35 percent against the greenback after data showing that lending to euro zone companies slowed last month, and comments by European Central Bank Governing Council member Erkki Liikanen that underlying euro zone inflation may remain lower than expected ...
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