12 Feb 2015
EUR/USD bid on Brussles' "sprouts" of hope for Greece - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac noted the developments around meetings in Brussels between Greece and the nations counterparts.
Key Quotes:
"EUR bounced as the Eurogroup meeting concluded with sources telling newswires that an agreement in principle had been reached for Greece to remain in the bailout program."
"EUR/USD recovered after earlier pessimism on the talks saw Greek equities close -4%."
"EUR/USD edged down about 30 pips to 1.1300/05 by late NY, then bounced to above 1.1340 on various media reports of a Greek deal."
"At time of writing, the Eurogroup press conference is running late."
Key Quotes:
"EUR bounced as the Eurogroup meeting concluded with sources telling newswires that an agreement in principle had been reached for Greece to remain in the bailout program."
"EUR/USD recovered after earlier pessimism on the talks saw Greek equities close -4%."
"EUR/USD edged down about 30 pips to 1.1300/05 by late NY, then bounced to above 1.1340 on various media reports of a Greek deal."
"At time of writing, the Eurogroup press conference is running late."