Forex Flash: Some EUR/USD risk of 'sell the fact' on Greek debt deal - Westpac
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EUR/USD
FXstreet.com (Barcelona) - The Eurozone finance ministers meet again in Brussels this Monday, and optimism remains high that after a weekend with mixed headlines, Greece will finally get its loan tranche(s) approved, "of at least EUR31bn but probably a multi-tranche EUR44bn" notes Westpac FX strategist Sean Callow.
"This meeting starts a lot earlier than last week's (12:30pm local time), so the outcome should be known by the NY session, with some risk it extends to the Sydney morning Tuesday. There is some risk of "sell the fact" on EUR but we certainly wouldn't want to try to pick a top ahead of the press conference" Mr. Callow adds.
"This meeting starts a lot earlier than last week's (12:30pm local time), so the outcome should be known by the NY session, with some risk it extends to the Sydney morning Tuesday. There is some risk of "sell the fact" on EUR but we certainly wouldn't want to try to pick a top ahead of the press conference" Mr. Callow adds.
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