الخبر من موقع الفاينيشال تايمز ليوم 19 يونيو الساعة 10 بتوقيت جرينتش. واتوقع ان يؤثر سلبا وبقوة على اليورو يوم الاثنين وهو صادر من البنك المركزي الاوربي الذي اطلق تحذيرا .. وارجو من لديه راي آخر ان يقوله .. فاختلاف الاراء شيء ايجابي

وتستطيع استخدام جوجل للترجمة اذا كنت لا تعرف اللغة الانجليزية ولو انها ليست ترجمة 100%

http://www.ft.com/cms/s/0/2349a104-5...44feabdc0.html


The euro lost ground this week as worries over the health of the eurozone banking system weighed on the single currency.

The European Central Bank warned that banks in the region might face another $283bn of losses by the end of next year.

Marc Chandler, of Brown Brothers Harriman, said next week’s auction of one-year funding from the ECB was also hitting demand for the euro, putting pressure on short-term interest rates in the eurozone.

He said there was market talk that European banks – and banks with branches in the eurozone – were eager to secure the long-term funding available and that the tender was likely to be heavily subscribed.

This would put pressure on the euro as banks converted the funds into other currencies.

“Remember that it is not just eurozone banks that have access to the ECB’s facilities but also branches of foreign banks operating in the eurozone as well,” said Mr Chandler. “It is reasonable, it seems, to expect that some of the liquidity that the ECB makes available ‘leaks’ out of the region as the branches shift some of funds secured in the tender.”

Over the week, the euro lost 0.3 per cent to $1.3977 against the dollar, 2.6 per cent to Y134.23 against the yen and 0.5 per cent to £0.8471 against the pound.

Meanwhile, the dollar was buffeted by seemingly conflicting comments from Russia over its status as a reserve currency.

The dollar rallied strongly ahead of the Bric (Brazil, Russia, India and China) meeting in the Russian city of Yekaterinburg on Tuesday after Alexei Kudrin, Russian finance minister, allayed fears about diversification away from the dollar.

He said there was “no alternative” to the dollar as a reserve currency and Russia had confidence the currency was in “good shape”.

But the dollar suffered after Dimitry Medvedev, Russia’s president, said there was a need to “consolidate” the international monetary system.
Thomas Stolper, of Goldman Sachs, said talk of new reserve currencies from Bric nations created uncertainty for other holders of dollar assets.

He said that, even if Bric representatives claimed that a move away from the dollar was too early, the underlying message was still that, at some stage, a move out of the dollar was a distinct possibility. The dollar was hit further yesterday after Moody’s placed California’s credit rating on watch for a multi-notch downgrade. Over the week, the dollar fell 1.8 per cent to Y96.05 against the yen and lost 0.3 per cent to $1.6494 against the pound.

The dollar was flat on the week at SFr1.079 against the Swiss franc, which endured a volatile week. It rose to a three-month high against the euro after the Swiss National Bank declared intervention to stem the currency’s strength had been successful on Thursday.

This prompted traders to test the SNB’s tolerance, pushing the Swiss franc up to a high of SFr1.5004, its strongest level since the central bank intervened to halt currency appreciation in March.

But the Swiss franc fell sharply on speculation that the SNB had re-entered the market to sell the currency against the euro later in the session. This left it 0.3 per cent lower at SFr1.5078 against the euro over the week.