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How EUR/USD Will Trade On Different Greek Outcomes? - Goldman Sachs
In a note to clients today, Goldman Sachs discusses how EUR/USD will trade for different outcomes in the Greece negotiations. 3 scenarios: To start with, GS distinguishes between three scenarios: (i) an extension to the current program is announced in short order; (ii) the current program ends on February 28 and Greece enters a grey area, which could see Greece remain in the Euro but might involve ELA suspension and the use of IOUs to pay government employees and pensioners; and (iii) outright Euro exit. EUR/USD trading on the 3 scenarios: 1- "We don’t think EUR/$ will go much above 1.1450 in the event of ... (full story)
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