IMEX|
IMEX through the introduction of its foreign exchange expertise, and by functioning as their off-premise FX department, offers its clients several distinct advantages:
To learn more about the IMEX and the advantages we offer, please click here. Currency notes and updates... What is the true underlying strength of the Euro? Hope & Other People's Money (OPM) Ancient Greece, considered to be the cradle of civilization for the western world is where it all began. No, not the development of culture and sophistication, but the decline of the euro zone empire. The addiction of excessive, cheap borrowing, major economic slowdown on the verge of recession, and fear of sovereign debt default has spread from Greece to Ireland, to Portugal, Spain and most disconcertingly Italy due to its massive debt. The market?s apprehension that these countries' lack of ability to pay their respective government debt has created an atmosphere of major financial instability in the European banking sector. In addition, there is continuing uncertainty in trade and industry that is hindering growth and exports. So why is the euro trading at 1.28 to the U.S. dollar as opposed to parity or even below that? On October 26th, in 2000, the euro traded as low as .8230. At that time Europe?s fiscal steadiness and solidity was far stronger than the anxiety and trepidation that exists in today's fearful economic environment. ...Read More Is India on the path to a Sovereign Debt Crisis? It Begins with the financial instability of a nation's banking system...Read More
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