EUR/USD
Originally posted by ceesmoves to 1.3233 head to that point
moves to 1.3255
Originally posted by cees
Originally posted by cees
moves to 1.3233 head to that point
hits 1.3277, heading towards 1.3285
moves to 1.3255
euro hits 1.3282
eurusd headind toward 1.3290
now just above 1.3290 on 1.3293
moves back now at 1.3285
Bank sources report offers between 1.3320s and 1.3360s.Buy stops above.
Bids start in 1.3240.
Originally posted by ceesBank sources report offers between 1.3320s and 1.3360s.Buy stops above.
Bids start in 1.3240.
eurusd now on 1.3275
After Greece officially announced an austerity deal had been reached before the Eurogroup meeting, most thought smooth sailing would follow to get the second bailout package signed off on Thursday. However, in a turn of events Euro-negative yet not really reflected in the rate, Germany along with its European peers decided doubts still linger before throwing more loans into the 'black hole' of Greece.
After the Greek coalition government reached common ground on pension cut reforms, last sticking point, disbelief over the effectiveness of the new Greek austerity plan keeps the Eurogroup reluctant to sign off on a fresh second bailout worth €130 bln.