16 Feb 2015
EUR/USD dropping on Greece in US afternoon - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that EUR/USD lost a full cent in the American afternoon.
Key Quotes:
"...after talks between the Eurogroup Financial Ministers ended nowhere."
"In quite a thin trading day, with not much scheduled fundamental data and the US in a bank holiday, the market expectations were placed in a solution for the Greek debt issue."
"But the wrestle ended in a draw as the Eurogroup agreed that Greece needs an extension on the current bailout, including austerity measures, whilst Greeks believe this is "absurd and unacceptable" and seek a ´bridge loan´ in order to survive while preparing a new plan with easier conditions."
"The Eurogroup leader Dijsselbloem has been quite inflexible with this matter, but at least affirmed today that this is just the beginning and that negotiations will extend during the upcoming days."
Key Quotes:
"...after talks between the Eurogroup Financial Ministers ended nowhere."
"In quite a thin trading day, with not much scheduled fundamental data and the US in a bank holiday, the market expectations were placed in a solution for the Greek debt issue."
"But the wrestle ended in a draw as the Eurogroup agreed that Greece needs an extension on the current bailout, including austerity measures, whilst Greeks believe this is "absurd and unacceptable" and seek a ´bridge loan´ in order to survive while preparing a new plan with easier conditions."
"The Eurogroup leader Dijsselbloem has been quite inflexible with this matter, but at least affirmed today that this is just the beginning and that negotiations will extend during the upcoming days."