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22 Apr 2015
EUR/USD volatility around Greek debt - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that in another volatile journey, the EUR/USD pair closed the day again unchanged, with the daily chart showing two dojis in a row.
Key Quotes:
"In Europe, the most relevant news came were related to Greece, as ECB's Executive Board Member Benoit Coeure said earlier in the day that the Central Bank will continue to fund Greek banks, as long as they stay solvent and have enough collateral. Besides, the country is said to have enough liquidity to face upcoming payments, and to get into June."
"The current bailout extension ends on June 30. On a negative note, talks are that the country won't present a reform list at Riga, during the upcoming Eurogroup meeting this weekend."
"The initial optimism that sent the pair up to a daily high of 1.0800 was diluted during the American afternoon, and the dollar gained further after sales of Existing Homes in the US rose to their highest level since 2013."
Key Quotes:
"In Europe, the most relevant news came were related to Greece, as ECB's Executive Board Member Benoit Coeure said earlier in the day that the Central Bank will continue to fund Greek banks, as long as they stay solvent and have enough collateral. Besides, the country is said to have enough liquidity to face upcoming payments, and to get into June."
"The current bailout extension ends on June 30. On a negative note, talks are that the country won't present a reform list at Riga, during the upcoming Eurogroup meeting this weekend."
"The initial optimism that sent the pair up to a daily high of 1.0800 was diluted during the American afternoon, and the dollar gained further after sales of Existing Homes in the US rose to their highest level since 2013."