Greek Headfake Leads EUR Lower...FX DailyFebruary 17, 2015 Posted by Mark Noble Read More0 Comments
The FX markets were somewhat volatile yesterday (via the U.S. holiday) as the situation in Greece continues to play out with high drama between Greece and European leaders in Brussels. EUR initially weakened to the low 1.13’s yesterday as talks broke down over the weekend for a quick agreement over bailout terms, and raised the perceived risk of Greece leaving the euro. Today’s turnaround (EUR strength) was more about covering shorts in the market as EUR touched 1.1450 in European trading before settling to current levels.
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