Previous close | 1.0877 |
Open | 1.0877 |
Bid | 1.0853 |
Day's range | 1.0838 - 1.0880 |
52-week range | 1.0450 - 1.1276 |
Ask | 1.0847 |
Further upside for Greece’s credit rating hinges on robust nominal growth, deeper fiscal consolidation, more reform of the banks and structural reform compensating for years of public and private under-investment.
Caution evident from the Fed’s minutes against cutting rates too quickly has supported the narrative of ‘higher for longer’.
Germany’s energy-intensive industries, low investment, ageing population and weak growth, rather than high government debt, represent challenges to its AAA credit rating – hence the need to reform the debt brake.