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Greece's Eleventh Hour: How To Trade It In FX? - Barclays

From efxnews.com

In its weekly note to clients today, Barclays Capital weighted on the latest developments of the Greek crisis, recommending a couple of FX trades this week. The trades are macro-technical driven. "The Greek political saga has taken a sudden and potentially climactic turn, following the Greek government’s decision to call for a surprise referendum on the terms of the Greek bailout...We think it almost certain the Greek government will be unable to make the 30 June IMF payment, which also coincides with the end of the current bailout program," Barclays projects. FX implication: "The escalation of political ... (full story)

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