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FX Daily
July 15, 2015 Posted by
The IMF released an update on their assessment of Greece concluding that the Country’s debt has become highly unsustainable. The update is a crushing blow to Greece as it seeks to put in place an agreement for a third bailout with creditors.
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FX Daily
July 14, 2015 Posted by
The 17 hour marathon negotiations over the weekend between Greece and its creditors yielded a tentative understanding of what would be required for Greece to receive a 3rd bailout tranche. The terms are harsher than those rejected by Tsipras and by voters in the recent referendum, causing a rift within the Syriza party that will likely force a change in the coalition of parties currently in charge in Greece.
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FX Daily
June 03, 2015 Posted by
The EUR is trading modestly higher and European fixed income securities remain under pressure as a confluence of events is pointing towards better days ahead for the regional economic outlook. Progress is being made on negotiations with Greece on unlocking bailout funds, EMU inflation surprised to the upside, and the QE program appears to be having positive effects on the economy.
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FX Daily
June 02, 2015 Posted by
Officials met in Berlin to discuss a final compromise to the debt troubles plaguing Greece. The FT reported that the focus of the Commission was on drafting a technical paper that would be presented to Tsipras for a “quick reaction” and not to present it as an ultimatum “take it or leave it.”
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FX Daily
April 24, 2015 Posted by
The Nasdaq is trading firmly higher this morning after a posting a record close yesterday. The index is currently nearly 4 times higher than the March 2009 lows.
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FX Daily
April 22, 2015 Posted by
ECB executive board member Benoit Coeure told Greek reporters with Kathimerini newspaper that Greece’s departure from the euro was “out of the question.” Coeure also mentioned that introducing capital controls are not a “working assumption”.
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FX Daily
April 21, 2015 Posted by
The ECB is considering reining in emergency lending to Greek banks by adjusting the discount applied to securities posted as collateral. Formal discussions to this effect have not yet taken place with the Governing Council, but a move to adjust haircuts may occur if Greek leaders are unable to present a convincing plan for reform and debt repayment to the ECB in the near term.
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FX Daily
March 25, 2015 Posted by

The USD fell against most currencies again today as its post Fed re-pricing continued. The statement accompanying last week’s Fed meeting was more dovish than the market anticipated. Today’s weak durable goods release added to the USD selling pressure. 

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