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21 Apr 2015
Grexit remains a concern – TradeTheNews
FXStreet (Barcelona) - Heightened Greek related uncertainty looks likely ahead, with Friday’s Eurogroup meeting eyed keenly, notes TheTradeTheNews Team.
Key Quotes
“ECB said to study curbs on Greek bank support, amid rising unease. Studying measures to increase haircuts for Greek banks accessing Emergency Liquidity Assistance (ELA) if Greece reform progress is absent. Growing minority of ECB gov said to oppose Greek ELA. To lay out 3 options to reduce central bank risks.”
“Elevated Greek uncertainty persists as the country problems could worsen. The focus remained on the upcoming Eurogroup meeting (Friday) to see if Greece delivers any of its promised reforms. The EUR/USD was moderately lower in the session to approach 1.0650 area.”
Key Quotes
“ECB said to study curbs on Greek bank support, amid rising unease. Studying measures to increase haircuts for Greek banks accessing Emergency Liquidity Assistance (ELA) if Greece reform progress is absent. Growing minority of ECB gov said to oppose Greek ELA. To lay out 3 options to reduce central bank risks.”
“Elevated Greek uncertainty persists as the country problems could worsen. The focus remained on the upcoming Eurogroup meeting (Friday) to see if Greece delivers any of its promised reforms. The EUR/USD was moderately lower in the session to approach 1.0650 area.”