EUR Trading Outlook (25-10-2012)
The Euro (EUR) rumors that Greece would receive a two year extension to achieve budget reforms from the Trioka was quickly refuted by the German FinMin who clarified no final decision has been made. ECB President Draghi was in Germany trying to convince the parliament of the merits of the recent OMT bond buying program. The EUR/USD was steady in the 1.2900 region waiting for fresh direction.
Back to EUR Trading Outlook Archive