It’s becoming apparent that any confidence in an agreement on aid to Greece by the close of the EU summit in Brussels is eroding quickly. The EUR and GBP, the two primary recipients of FX risk reduction, have come under renewed selling pressure (while safe haven trades, USD, JPY and CHF have outperformed). At the time of writing, the EURUSD was testing the 1.3500 psychological support, while the... ...More...


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