“Euro now hangs on Spain” Natixis commentary in FX-MM

In his weekly column for leading forex publication FX-MM, Natixis strategist Nordine Naam comments on global foreign exchange trends, providing detailed analysis on how political and economic developments affect the forex markets.

His latest commentary was particularly newsworthy as it looked at the implications of the European Central Bank’s eagerly awaited announcement on the Outright Monetary Transactions (OMT) programme – a controversial addition to the ECB’s monetary policy, introducing conditional purchases of sovereign bonds in the secondary market. Specifically, eyes are on Spain to see if it will request participation in the programme.

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