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EUR/USD opens lower, Greek worries never far from the surface

By Gerry Davies  || March 18, 2010 at 05:59 GMT
|| 5 comments || Add comment

EUR/USD sits at 1.3676, down from a North American close Wednesday up around 1.3735.  

Comments from Angela Merkel’s chief finance spokesman will have been noted, Michael Meister opining that Greece should turn to the IMF if it’s needs aid. Some see this as signalling a rift between Germany and other European Leaders. Oh-eh.

Eurozone data due today:

09:00 GMT: Italian trade for January expected 0.19 bln

09:00 GMT: Euro zone current account for January expected 2.9 bln

10:00 GMT: Euro zone trade balance for January expected 5.1 bln

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5 Responses to “EUR/USD opens lower, Greek worries never far from the surface”

  1. DonMar on March 18th, 2010 06:13 GMT

    How do you thi nk the euro will do in the London session today?

  2. hart on March 18th, 2010 06:31 GMT

    europe market cfd’s mixed. dxy coming down a bit.80.17

  3. saferanger on March 18th, 2010 06:35 GMT

    Good morning Mr. Gerry, how´s ya today? I think it is about time to start buying some EUR/CHF, ´risk of dropping another 100 pips vs chance of at least 300 pips due to intervention, what do you think? Looking at earlier (major) intervention levels from SNB…cheers, ranger

  4. pipsquanderer on March 18th, 2010 06:45 GMT

    I wouldn’t be surprised if we hit 1.3600 by us open.

  5. Gerry Davies on March 18th, 2010 06:56 GMT

    Hi Saferanger. Buying EUR/CHF seems akin to buying a lottery ticket ie you might get lucky and buy just ahead of SNB intervention. =For sometime now 1.4300 seems to have been a well touted target for the swissy bulls. Hard to see the SNB just letting it fall to that level without showing up. So yes I guess it might be time to start building a long possie if you like a gamble.



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