12 May 2015
EUR/USD: Eye's on Greek debt - Scotiabank
FXStreet (Guatemala) - Camilla sutton, chief currency strategist at Scotiabank noted the softness in EUR/USD.
Key Quotes:
"EUR is soft, falling for a third consecutive session on Greek risk driving flows out of sovereign debt and pushing yields higher."
"Headlines out of the euro area finance ministers’ meeting have been limited, the core focus being Greece’s 0.750bn IMF payment due Tuesday."
"ECB ELA deliberations are set to follow on Wednesday, with haircuts expected to be seriously discussed for a second consecutive week."
Key Quotes:
"EUR is soft, falling for a third consecutive session on Greek risk driving flows out of sovereign debt and pushing yields higher."
"Headlines out of the euro area finance ministers’ meeting have been limited, the core focus being Greece’s 0.750bn IMF payment due Tuesday."
"ECB ELA deliberations are set to follow on Wednesday, with haircuts expected to be seriously discussed for a second consecutive week."