Greece’s $40 billion bailout an improvement, but issues remain

greek flag

Eurozone officials were relieved on Monday after details of the region's plan for a potential bailout of debt-riddled Greece, unfurled on Sunday, lifted some of the doubt enshrouding sovereign debt and the single currency.

The euro soared to a three-week high against the dollar, hitting €1.3691 to the greenback around midday in London, as fears that Greece's troubles could drag the currency down abated. Appetite for Greek sovereign debt grew, with yields on ten-year bonds falling to 6.53%. The

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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