The Greek coalition government has reached common ground on the pension cut reforms which was the last sticking point. There is still however disbelief over the effectiveness of the new Greek austerity plan and this is making the Euro group reluctant to sign off on a fresh second bailout worth €130 billion. These are the [...]
Foreign Currency Exchange News –Wednesday 13th July, 2011 The USD/JPY opened the Asian trade at 79.23 and saw early morning dips to below 78.50 and then went on to quickly recover its losses and is threatening to target higher levels. Yesterday saw growing fears that the Euros debt could engulf Italy has sent the Euro [...]
Fx- Foreign Currency Exchange News Friday 24th, 2011 Yesterday FX-Traders saw that volatility ruled the markets with risk aversion sending the USD up most of the day will mid way through the American Session when the majors finally started reversing on the news that the Troika and Greece had struck a deal on the structure [...]
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