日本語
Español
中文
- New York 00:32
- London 05:32
- Barcelona 06:32
- Tokyo 14:32
- Sydney 16:32
Flash Comment
0
0
CEE: "Damn, why did I get that Swiss franc loan?"
Wed, Oct 22 2008, 09:48 GMT
by Lars Christensen, Lars Rasmussen
A lot of households in Central and Eastern Europe are waking up this morning and feeling significantly more stressed about their private finances than just a month ago. The reason is that a lot of households in CEE have funded both home and car purchases with foreign currency loans - mostly in euros and Swiss francs (CHF). Worries are undoubtedly largest for households funded in CHF, as the CHF continues to strengthen on the back of rising global risk aversion and carry unwinding. CHF loans have been especially popular in Hungary, Poland, Romania and Croatia, while foreign currency lending in the Baltic States and Bulgaria has primarily been euro-based. Just as worried as the households that have funded themselves in foreign currency should be the CEE banks that granted the loans - as should banking sector regulators.
Published on Wed, Oct 22 2008, 09:55 GMT
Archive
- OECD leading indicators still point to very strong growth
Published On Fri, Nov 6 2009, 13:23 GMT - EMEA markets: Correction time
Published On Tue, Nov 3 2009, 13:17 GMT - EMEA: October PMI slightly disappointing
Published On Mon, Nov 2 2009, 17:22 GMT - China: The recovery gains strength
Published On Mon, Nov 2 2009, 13:04 GMT - Japan: BoJ unwinds non-conventional easing
Published On Fri, Oct 30 2009, 11:38 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
Technical Major Currencies Report - Technical Major Currencies Midday Report by ecPulse.com
Fri, Nov 6 2009, 13:11 GMT
Commodities Daily - Most commodities have risen a little overnight. by Danske Bank A/S
Fri, Nov 6 2009, 13:08 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 6 2009, 12:29 GMT
Related content
Forex: USD/CHF jumps to test 1.0200 following Non-Farm payrolls data
FXstreet.com | Fri, Nov 6 2009, 14:04 GMT
Switzerland Oct Unemployment Rate s.a. remains unchanged at 4.1%
FXstreet.com | Fri, Nov 6 2009, 06:48 GMT
Forex: USD/CHF in ranges between 1.0125 and 1.0190
FXstreet.com | Thu, Nov 5 2009, 20:41 GMT
Forex: USD/CHF finds support at 1.0125, back to 1.0180
FXstreet.com | Thu, Nov 5 2009, 17:56 GMT
Switzerland Consumer Price Index increases 0.6% in October; 0.8% dwn on year
FXstreet.com | Thu, Nov 5 2009, 08:16 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.