Forex Flash: EUR showing signs of bottoming out - Econometer
FXstreet.com (Barcelona) - Data in Europe confirmed that the region fell back into recession, says Mitul Kotecha, Founder at Econometer, "an outcome that will do little to ease tensions" he adds.
"Hopes of an agreement on Greece's loan tranche at next week's Eurogroup meeting may limit any damage to Eurozone markets, with the EUR showing signs of bottoming out and may take further advantage of the respite from a more restrained USD" he said.
"Hopes of an agreement on Greece's loan tranche at next week's Eurogroup meeting may limit any damage to Eurozone markets, with the EUR showing signs of bottoming out and may take further advantage of the respite from a more restrained USD" he said.
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