FX-Analysts have seen that even though the EU Officials have managed to reach the long awaited agreement on the second Greek bailout the markets have been very moderate. After the negotiations that lasted over 13 hours we know that further cuts have been agreed in Health Care, minimum wage, military spending and private bondholders have [...]
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Daily Market News Monday 20th February, 2012
It look as though they are nearly at the point of saving Greece from declaring bankruptcy and will soon be able to provide the country with a fresh EUR 130 billion bailout . The finance ministers are meeting this morning. It seems that with this in mind the financial markets in Asia opened with a [...]
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FX-Foreign Exchange Market News Friday 17th February, 2012
During the US Session overnight significant progress on securing a Greek bond –swap deal and a fresh bailout to the indebted country has produced an aggressive short covering. The EUR is short running to the exits as it realizes that the headlines carried enough substance to believe the finishing touches to a second bailout deal [...]
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