| A weaker yen and euro might be good news for Hongkongers shopping in Japan and Europe but it is bad news for trading companies as volatile currency markets could see more companies failing to pay bills on time. "Currency volatility is a key risk for the credit and payment markets this year," said Fabrice Desnos, the Asia-Pacific head of credit insurer Euler Hermes.
Desnos said many currencies that had traditionally been considered safe and stable had exhibited high degree of volatility. The Swiss franc rose 30 per cent against the euro in January after a cap was removed, before dropping back to a gain of about 20 per cent...............................................Full Article: Source
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