Despite the lack of material progress between Greece and its European creditors, the EUR has been rather resilient. Yet, Barclays Capital notes that market sentiment towards Greece remains fragile and as such continues to expect the EUR to exhibit a high beta to political developments both on the upside but higher so, on the downside. "The cash troubles for Greece are likely to remain in the coming weeks and the next official check point includes the payment of €1.8bn in wages and pensions at the end of April and the €200mn IMF interest payment on 1 May," Barclays argues. "The next scheduled Eurogroup meeting is on ... (full story)