FX Traders Struggle With Euro Crisis Headline Fatigue
From efxnews.com
The increasing complexity of the euro-zone crisis has caused investors to shun daily headlines and instead bet on the overall outcome of the Greek bailout negotiations, even though the endgame of the euro-zone crisis is far from clear. Faced with a blizzard of headlines over Greek parliamentary votes, debt-to-GDP ratios, bond swaps, haircuts, escrow accounts, cancelled summits and the like, many traders are simply switching off. Instead, the only question is: will there be a deal on Greece, any deal on Greece, or not? For now, traders seem to be in an optimistic mood and they are betting that European finance ...
(full story)