Unrest in Greece and uncertainty about a Greek bailout deal are weighing on the euro today. Euro is lower as concerns about an incomplete Greek debt deal rise. Additionally, continued strikes in Greece, and general unrest in the country, are adding to worries that the Greek parliament won’t vote to accept new measures stipulated by Eurogroup leade
Earlier this week, many figured that the situation in Greece was pretty much sorted. However, it appears that this isn’t the case. With concerns rising about Greece yet again, the US dollar is gaining as risk aversion rises and Forex traders look for safe haven.
The Great Britain pound rose today as macroeconomic data showed that both input and output Producer Price Index rose in January more than was predicted by analysts.
The Turkish lira fell today as demand for riskier currencies with higher yield was deterred after the European Union held back the next portion of bailout for Greece.
(eToro Blog) In the Eurozone, despite the Greek government’s acquiescence yesterday to economic reforms and more spending cuts, interested parties and investors alike appear to have doubts as to whether or not Greece can live up to its end of the “bargain.” Especially given that it is possible that Greeks ma
(eToro Blog) China’s General Administration of Customs earlier reported that January’s trade balance rose to a 27.30 billion surplus from December’s 16.52 billion, well above the consensus call for a decline to 10.40 billion. With China being Australia’s largest export partner, the news struck the
The Australian dollar fell today after the Reserve Bank of Australia released its Monetary Policy Statement, reducing its growth forecast for this year and indicating that it’s ready to ease monetary policy.

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