Tatsiana Ketrar
Forex news, euro rate. The country’s rating has been raised to investment grade three years after the collapse of Iceland’s economy due to world financial crisis.
“According to Fitch rating agency, Iceland has again become the safest place for foreign investors,” writes BBC. On Friday Fitch upgraded Icelandic long-term government bonds in foreign currency from “BB +” to “BBB-”. The rating of debt securities in national currency remains the same – “BBB-” with a steady forecast.
“Higher rating of Iceland shows the development of the country’s economy, which has been reached due to the improvement of macroeconomic stability and structural reforms, having restored financial confidence into the country,” claims Fitch.
Euro/dollar, MID-term:
Bearish mid-term.
Wave А/В n8 1.3320-1.2972 is over, correctional network
- end of short rising wave А and falling wave а(С)/ С n8 when the local minimum 1.2972 is passed
- wave В, а(С)/С rising wave DZ when 1.3320 is passed.
Tatsiana Ketrar
