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Buying The Japanese YenTitle:
Euro at 2-month high as Greek hopes fuel short squeeze
(Reuters) - The euro rose to a two-month high versus the dollar on Wednesday on optimism Greek leaders are nearing a deal to secure a second bailout and avoid a messy default, though analysts were skeptical of fresh gains with the deal becoming priced in.
Following a string of delays in negotiations, Greek leaders will meet again on Wednesday in a bid to agreed yet deeper austerity in return for another international rescue package.
A sharp selloff in the single currency was seen as unlikely ...
Title:
Euro hits 2-month high on Greek deal expectations
(Reuters) - The euro rose to a two-month high against the dollar on Wednesday, supported by optimism Greek leaders are close to agreeing on reforms needed to secure a second bailout and avoid a messy default despite slow progress in talks.
Greek leaders will meet again on Wednesday in a bid to strike a deal on painful austerity steps in return for another international rescue package, following a string of delays in negotiations.
Analysts said the euro could test $1.33 and push as high as $1. ...
Title:
Euro buoyed by hopes for Greece debt deal; yen slips
(Reuters) - The euro hit a fresh two-month high versus the dollar on Wednesday, supported by hopes that Greece may soon agree to austerity steps needed to secure a second bailout and avoid a disorderly default.
The single currency also hit a seven-week peak against the yen, its rise gaining steam due to stop-loss buying.
The yen retreated broadly on the crosses, with traders saying the technical outlook for cross/yen pairs had improved after their recent breach of some technical resistance ...
Title:
Euro softer on Greece; Aussie jumps on RBA surprise
(Reuters) - The euro nudged lower on Tuesday in Asia, though most traders clung to hopes Greece would finally clinch a rescue package despite its politicians postponing a decision to accept painful terms by yet another day.
The Australian dollar jumped a full cent to a six-month peak at $1.0812 and reached a record high on the euro after the Reserve Bank of Australia in a surprise move kept interest rates steady at 4.25 percent.
Failure to secure the 130 billion euro ($170 billion) rescue for ...
Title:
Forex-Euro dips on delay in Greek debt deal approval
(Reuters) - The euro weakened against the dollar on Monday, after the failure of Greek coalition parties to approve the terms of a new bailout package rekindled worries about a chaotic default that could spread to other debt-ridden, euro zone countries.
A European Commission spokesman said Greece had already gone beyond the deadline for finalizing talks on the second financing package from the euro zone and the International Monetary Fund, and Athens needed urgently to take decisions.
Greece's ...
Title:
Greek uncertainty undermines euro, dollar firm
(Reuters) - The euro fell on Monday on mounting investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout, keeping alive the risk of a messy default that could ensnare other countries such as Portugal.
Greece's coalition members must agree to painful terms of a new bailout worth 130 billion euros before euro zone finance ministers next meet, with a Greek government official denying that there was a deadline for the parties to respond to.
A spokesman of the ...
Title:
Greek uncertainty undermines euro, dollar firm
(Reuters) - The euro fell on Monday on mounting investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout, keeping alive the risk of a messy default that could ensnare other countries such as Portugal.
Greece's coalition members must agree to painful terms of a new bailout worth 130 billion euros before euro zone finance ministers next meet, with a Greek government official denying that there was a deadline for the parties to respond to.
A spokesman of the ...
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Dukascopy Morning Forex Overview : 06/02/2012
Fundamental Analysis
EUR
"The decline in euro-area December retail sales confirms our view that private consumption is likely to have fallen in the fourth quarter"
- James Ashley, senior European economist at RBC Capital Markets
Euro zone retail sales declined unexpectedly in December, said the European Union's statistics office Eurostat on Friday. Retail sales fell 0.4 per cent from November after declining by the same amount in October.
USD
"The report was much better than expected in ...
Title:
Euro softens as Greek deadline looms
(Reuters) - The euro took something of a hit on Monday as Greek coalition parties dithered on approving the terms for a new bailout with a deadline just hours away.
Greece's coalition members must tell the European Union by noon on Monday (1000 GMT) whether they accept the painful terms of a new bailout worth 130 billion euros in order to avoid a disorderly default, with euro zone ministers postponing a meeting planned for Monday due to the delay in Athens.
"There are so many hurdles before ...
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