Is Euro in Big Trouble? After Deutsche Bank’s Failure, French Giant BNP Warns ‘Extreme Market Conditions’

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With newly released data showing slower growth in the euro-zone, the struggle of Deutsche Bank, and BNP Paribas cutting $683 million in expenses, the euro may be in deep trouble. In the last quarter of 2018, a period in which even U.S. banks underperformed, the global markets division of BNP Paribas recorded a $256 million loss. BNP Paribas, the largest bank in France, ended 2018 with a staggering 40 percent loss in trading according to FT. Extreme Market Movements, Euro is Declining Since early January, against the U.S. dollar, the value of the euro fell from $1.23 to $1.14. A

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