Your Monday morning coffee briefing from TFG: Euro hits parity with US dollar for the first time in 20 years
After weeks of speculation and predictions of the euro’s value hitting parity with the US dollar, it finally happened this week, and the world noticed.
For the third day in succession, a test of the psychologically important parity level in Euro-Dollar is underway, but a significant layer of options barriers could yet mean the exchange rate closes above this level again.
Over the last decade, Vietnam has become a top destination for investment in manufacturing – more desirable than other Southeast Asian nations like the ASEAN-4 countries (Indonesia, Malaysia, Thailand, and the Philippines). This has led many to wonder why Vietnam is such an attractive destination for investors.
Elitza Kavrakova from Raiffeisen Bank International AG discusses how, despite years of discussion, commercial bankers have not seen much improvement in the process of de-risking.
On Thursday, Boris Johnson resigned his role as UK Prime Minister.
TFG explores the potential impact that this political sea change could have on trade and the possible longer-term economic implications for the UK.
The Democratic Republic of Congo (DRC) was admitted as the newest member of the East African Community (EAC)
The Trade Finance Distribution Initiative (TFDi) recently heard from Trade Finance Global’s (TFG) MD, Global Head of Trade & Receivables Finance, Mark Abrams.
The London Institute of Banking & Finance have teamed up with Trade Finance Global and Global Trade Review to offer a money-can’t-buy leadership package.
As Iain Martin of the Times said, “To deny the downsides of Brexit on trade with the EU is to deny reality.”
The decision to secede from the world’s largest single market area was bound to have some short-term economic consequences, but the UK may be experiencing more than a short-term decline.
