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EUR Moves Up amid Hopes of Greek Deal

Wednesday, 8 Feb 2012

The euro staged an upward reversal late in European trading yesterday, after it was revealed that Greek leaders had begun finalizing the details of steps it is willing to take to reach a debt swap deal with its creditors. Both the EUR/USD and EUR/JPY shot up close to 80 pips after the news was released. At the same, analysts were quick to warn that the common currency's gains may be temporary as other euro-zone news is likely to impact risk taking.

Highlighting Greece's delicate position in the euro-zone, rumors began circulating yesterday that the country's chances for exiting the euro-zone have increased. In addition, even if Greece finally succeeds in reaching a debt-swap deal, traders will want to note that Portugal is likely next to need a bailout to avoid defaulting on its debt. Either way, traders should know that the euro crisis is far from over.

当前时间: 05/27 23:10 GMT
# 时间 $€£¥ 事件 时期 先前 预测 实际 重要
02/08
07:00EUR+ German Trade Balance15.1B14.1B13.9B 1
07:45EUR+ French Gov Budget Balance-97.2B --90.8B 1
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