Foreign exchange market

The Euro has Weakened against the Dollar, Bitcoin at its Lowest Level in Six Months

The US dollar strengthened slightly against major currencies today as the Euro fell in Asian trade as stock markets were nervous of tensions in Ukraine and a possible more aggressive rise in the Federal Reserve's (Fed) reference rate this week.

Central Bank intervenes in ‘unhealthy’ FX pricing

The Turkish Central Bank intervened in foreign exchange markets for a third time this month on Dec. 10, citing "unhealthy price formations."

"The Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates," said the bank.

Central Bank decries 'unrealistic' price formations, detached from fundamentals

Commenting on volatility in the foreign exchange markets, Turkey's Central Bank on Nov. 24 decried "unhealthy" and "unrealistic" price formations in those markets, saying they are completely detached from economic fundamentals.

The Turkish Central Bank "implements a floating exchange rate regime and has no commitment to any exchange rate level," it said in a statement.

On the Day After Elections, Bulgaria will Draw a New Debt of Half a Billion Levs

The state will incur new debt. It is clear from the BNB website that a new half a billion lev debt will be offered to investors next Monday, this time on government securities with a maturity of 3.5 years.

Such an issue has not been used in the last few years, and the Ministry of Finance resorted to it after the 5-year and 10.5-year securities used this year became more expensive.

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