Further liquidity crunches on horizon – FX Invest North America
Buy-side participants raise concerns over euro weakness
Currency markets could be heading for a liquidity event this year if the euro's sharp moves against emerging markets (EM) units gain a sudden correction, spurring investors to make for the exits at the same time, according to buy-side panellists at the FX Invest North America conference in Chicago.
Renewed tension in the eurozone this year has already seen the single currency sink to 1.06 against the US dollar, one of the main beneficiaries of the crisis, while declining by 22% over the last
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