NEW YORK (Reuters) – The euro recovered from two-year lows against the U.S. dollar on Monday, with traders citing limited volumes in the pre-holiday market for the narrow ranges and the greenback’s mixed performance.
“Not everyone has checked out of the markets just yet. We have tomorrow’s slate of U.S. data to keep in mind,” said Greg Anderson, global head of FX strategy at BMO Capital Markets in New York.
NEW YORK, Dec 19 (Reuters) – The historic breakthrough in
U.S.-Cuba relations closes a Cold War chapter but leaves
unresolved issues that investors need to pick through carefully,
with Cuba’s opaque economics and financial health poorly
understood in world markets.
Cuba has effectively been shut out of global financial
markets for decades. But the detritus of its defaulted debt and
unrestructured loans from decades past has been traded among a
small cadre of risk takers on hopes for a resolution.