Fitch downgraded Greece's IDR to "Restricted Default"

Note: This section contains information in English only.
Source: Forexfactory
Fitch Ratings has cut Greek long-term foreign and local currency Issuer Default Ratings (IDR) to "Restricted Default" from "C" after announcement that Greece and the Euro Zone confirmed that exchange of the Greece's sovereign bonds will begin. The move follows cut of the Greece credit rating from "CCC" to "C". Fitch cited that the bond exchange indicates the country's default event that meets Fitch's criteria of distressed debt exchange.


Back to articles

Actual Topics

Mon, 12 Mar 2012 10:15:05 GMT

Gold futures fell during the Asian session

Gold futures were lower during the Asian trade on Monday after tumbling last week on the stronger dollar amid improving employment reports in the US. COMEX gold April contract eased down to trade at 1,710.59 US Dollars per troy ounce on the New York Mercantile Exchange, falling by 0.05%.

Mon, 12 Mar 2012 11:20:41 GMT

Aussie and Kiwi drop before US retail data and Fed meeting

New Zealand and Australian Dollars declined before US retail statistics due tomorrow which are expected to show sales advanced and reduced scope for further monetary easing. Federal Reserve is holding a meeting on Tuesday to decide upon necessary measures. Aussie and Kiwi each dropped 0.4% versus greenback to USD 1.0532 and USD 0.8182 respectively. Currently AUD/USD is trading at USD 1.0542 while

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.