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USD/JPY: The pair trended higher throughout the session
Tue, Feb 7 2012, 16:32 GMTFX Outlook RSS |
EUR/USD The pair finished the session higher following reports that Greek leaders are working on final bailout document, however it remains to be seen whether a deal will finally be reached this week. Of note, Citigroup said the risk of a Greek exit from Euro has risen to 50%, having previously seen a 25-30% chance over the next 18 months. The bank added that the costs of a Greek exit to the rest of Euro area would be moderate, and expects a deal on the second Greek bailout, seeing no
Daily FX Market Commentary
Tue, Feb 7 2012, 07:01 GMTDaily FX Market Commentary RSS |
Key news The Greek government and the EU disagree whether or not Greece has failed to meet a key deadline. The outcome could be a disorderly Greek default, which is putting pressure on risk sentiment. The Reserve Bank of Australia surprisingly kept its key policy rate unchanged at 4.25%. The Australian dollar has strengthened on the back of the announcement. Markets Overnight Fears are growing that the Greek government will not be able to meet the demands of the Troika, which would mean a







