Home Blockchain News Is Euro in Big Trouble? After Deutsche Bank’s Failure, French Giant BNP Warns ‘Extreme Market Conditions’

Is Euro in Big Trouble? After Deutsche Bank’s Failure, French Giant BNP Warns ‘Extreme Market Conditions’

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With newly released data showing slower growth in the euro-zone, the struggle of Deutsche Bank, and BNP Paribas cutting $683 million in expenses, the euro may be in deep trouble. In the last quarter of 2018, a period in which even U.S. banks underperformed, the global markets division of BNP Paribas recorded a $256 million loss. BNP Paribas, the largest bank in France, ended 2018 with a staggering 40 percent loss in trading according to FT. Extreme Market Movements, Euro is Declining Since early January, against the U.S. dollar, the value of the euro fell from $1.23 to $1.14. A

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