18 Jun 2015
EUR/USD wavers amid Greek deal rumors
FXStreet (Córdoba) - EUR/USD spiked to fresh highs amid rumors the EU and the ECB would extend aid to Greece until the year end, leaving the IMF out of the picture, according to German Die Zeit.
However, EUR/USD quickly pulled back and retraced most of its daily gains as reports seem to lack consistency as Merkel said, when asked about reports, that she only know a proposal from Greek creditors.
Eurogroup meeting is taking place in Luxembourg as leaders struggle to reach a deal for Greece to avoid a default and a possible Grexit. Separated news reported Greek finance minister Varoufakis submitted new proposals to the Eurogroup in today's meeting.
EUR/USD oscillated sharply amid these headlines, reaching a fresh 1-month high of 1.1435 only to pull back toward 1.1340 in the subsequent minutes. At time of writing, the pair is trading at 1.1370, 0.31% above its opening price.
Attention now turns to the upcoming press conference from Eurogroup meeting which has no scheduled time.
However, EUR/USD quickly pulled back and retraced most of its daily gains as reports seem to lack consistency as Merkel said, when asked about reports, that she only know a proposal from Greek creditors.
Eurogroup meeting is taking place in Luxembourg as leaders struggle to reach a deal for Greece to avoid a default and a possible Grexit. Separated news reported Greek finance minister Varoufakis submitted new proposals to the Eurogroup in today's meeting.
EUR/USD oscillated sharply amid these headlines, reaching a fresh 1-month high of 1.1435 only to pull back toward 1.1340 in the subsequent minutes. At time of writing, the pair is trading at 1.1370, 0.31% above its opening price.
Attention now turns to the upcoming press conference from Eurogroup meeting which has no scheduled time.