Banks turn to dollars as euro market stays dormant
The US dollar market is shaping up to be the only game in town for banks wanting to raise funds in big sizes during August. European banks HSBC, ING and Royal Bank of Scotland have raised over $5bn between them this week while the euro market has stayed dormant. Friday’s EuroWeek will examine the week’s big deals, and asks how much euro supply is to come in the last week of August.
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