Euro-Dollar Funding Markets Shrug Off Equity Turmoil
SocGen's Juckes Says FX Is Not in Crosshairs of Selloff
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Market maelstrom? What maelstrom?
That’s the message from the currency-funding market where the premium to procure dollars with euros, the five-year basis swap, has tumbled to the lowest since August 2015, ignoring all the noise surrounding the slump in stocks.