![]() Therefore, the focus in the morning hours will be on European banks like Unicredit, BNP Paribas, and Societe Generale. ![]() In its peak, Credit Suisse was valued at over $50 billion, making it one of the biggest banks in the world. The latter option prevailed, with UBS buying the company for just $2 billion. According to Bloomberg, the company was shedding over $10 billion in deposits per day last week.Īs a result, Swiss authorities decided to either nationalize the bank or sell it at a bargain to UBS. The European banking sector remained on edge during the weekend as regulators fought to prevent Credit Suisse from falling. ![]() It has been rising gradually after last week’s European Central Bank (ECB) decision. The closely-watched forex pair rose to a high of 1.0696, the highest point since March 15 of this year. The EUR/USD price drifted higher on Monday morning as the turmoil in the banking sector continued. Set a buy-stop at 1.0700 and a take-profit at 1.0800.Sell the EUR/USD pair and set a take-profit at 1.0600.
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