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EUR/USD Moves Down As Greek Bailout is Stuck – Default in the Weekend?
EUR/USD is now moving deeper into the channel and below one more support line as the next tranche of Greek aid is still in the air. According to the leaders of the EU, the conditions for the 8 billion euro tranche have not been fulfilled yet. But perhaps this isn’t the Greeks this time -it might be due to the demand for collateral made by Finland. Euro-zone finance ministers have met in Poland for the first time since the July 21 summit. This meeting is also attended by US Treasury Secretary Timothy Geithner. EUR USD Down as Greek Tranche Stuck - Click to enlarge EU Commissioner Olli Rehn said that the Finnish ... (full story)
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