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Follow on Google News | Lloyds International Brazil Euro Currency Update by Jason BradfordEveryone knows that the European sovereign-debt crisis is not good news for investors or the markets but how bad can it get and what does it mean to the euro? Jason Bradford, Managing Director of Lloyds International's trading division explains.
By: James Anderson - Press Officer This of course is the worst-case scenario but it is certainly almost unavoidable for the euro to drop heavily against other major world currencies especially in the first part of 2012. Mario Draghi, the head of the ECB is doing everything possible to avoid quantatitive easing (printing more euros) as has been used in the US to ease the crisis but signs are that the eurozone is already in mild recession and nothing is expected to improve quickly. The aptly titled PIIGS (Portugal, Italy, Ireland, Greece and Spain) are all in substantial fiscal trouble and they are in danger of dragging the rest of the eurozone down with them. Jason Bradford, Managing Director of Lloyds International's trading division expects the euro to drop substantially in the coming months. "Germany has so far avoided the doom and gloom that is affecting the rest of Europe but France is already slated to run into recession in 2012 and it is not inconceivable that either of these countries can end up in big trouble partly due their banks holding large amounts of the sovereign-debt of the weaker eurozone countries." In Conclusion Political uncertainty and a lack of confidence coupled with austerity measures are also likely to badly affect the price of the euro in 2012. Overall it's not good news for the eurozone or it's single currency. Disclosure Jason Bradford and Lloyds International Brazil are holding various put options in the euro against several world currencies on behalf of clients. # # # About Lloyds International Brazil - Lloyds is an offshore commodity trading firm offering both full service and non-discretionary commodity and forex trading services to clients in over 60 countries. Lloyds International Brazil offers a state of the art trading platform available 24 hours a day, 7 days a week to our clients. Each of our clients can track their positions from home, office or even smartphone. Our traders have an unparalleled record in commodity and forex trading with some of the best results in the business. FInd out more about the Lloyds advantage and visit our site today at http://www.lloydsint.com. Contact us to open an account and you could be trading within 25 minutes. Risk Disclosure: Past results are not indicative of future performance and investors can and do lose money trading commodities. End
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