Greek twists and turns - BBH

FXStreet (Guatemala) - It is possible, and even likely, that Syriza returns to government in a new election.

Key Quotes:

"A newspaper poll put Syriza's support at 42.5%, nearly twice the support of New Democracy, which is in second place at 21.5%. "

"However, the problem with an election is that it may delay the formal review of Greece's actual implementation of the measures it has promised."

"That in turn would delay the debt relief that now even Merkel has accepted as necessary and inevitable."

USD Index slumps to 97.30

The greenback, in terms of the USD Index, has reverted the initial positive tone and is now testing lows in the 97.30 area...
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EUR/USD takes a breather ahead of 1.0950

EUR/USD extended its recovery beyond the 1.0900 level and climbed to fresh weekly highs during the New York trade, as the dollar weakened across the board without a clear catalyst for the move.
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