Greek PSI

Greek Public Sector Involvement Debt Swap Secures 95.7% Participation

March 9, 2012

The dollar is trading higher by 0.5% against the euro, 0.4% versus the Swissie, 0.3% relative to the Canadian and Australian dollars, and 0.2% versus the yen, kiwi and sterling.  The yuan is steady and softer than 6.3100 per dollar. Share prices advanced solidly in Asia but show scant net change in Europe.  Equities climbed […] More

Still Watching Greece and Waiting for U.S. GDP Data

January 27, 2012

The dollar has softened overnight by 0.6% versus the yen, 0.5% against the Australian dollar, 0.4% versus the kiwi, 0.3% relative to the euro, and 0.2% against the loonie, Swissie, and sterling.  The Chinese market remained closed one more day for the Lunar New Year holiday but will reopen on Monday. Stocks in the Pacific […] More

Euro’s Fate Next Week Hinging on PSI Deal

January 20, 2012

At this moment, reports leaking out of the PSI talks between Greece and its private sector creditors suggest that prospects have improved for a deal before the end of this weekend.  PSI is the acronym for "private sector involvement," which in turn euphemistically refers to a voluntary exchange of existing Greek debt for new instruments […] More

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