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Euro falls broadly as Greek default looms
The euro fell broadly on Monday after Greece failed to strike a deal with its European lenders to secure more credit ahead of a looming deadline to repay a key International Monetary Fund loan, raising the risk that it may default and leave the euro zone. The euro fell nearly 2 U.S. cents to around $1.0985 in early Asia Pacific trade according to Reuters data, from around $1.1165 late on Friday, as Greece announced capital controls on its banks after the European Central bank froze the level of funding available to them. Against the Swiss franc, the euro fell to 1.0251 francs, its weakest level since late April, as ... (full story)
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"Trap The RED News"
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With due respect to all (who might have a different viewpoint).
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