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Trading the Greek Vote? AUD/USD Would Be A Better Bet
Is EUR/USD the preferred pair to trade the Greek vote? This depends on the result. The Greek parliament is set to vote on the austerity measures at 12:00 GMT. Tension is mounting towards this critical event for the global economy. A “yes” vote is a precondition for the next tranche of aid from the EU and IMF, as well as for a second bailout package. Expectations now lead towards an approval of the measures, and this makes the euro/dollar exposed to surprises, making way for alternatives. AUD/USD is a much better candidate. And the market already prices it. EUR/USD rallied and settled higher, capped by the 1.4375 ... (full story)
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