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ForexLive Asian market open: EUR/USD starts week under pressure
The early interbank low has been at 1.3320 after the pair closed in NY at 1.3400. Slow progress on the Greek debt issues is still the overriding driving factor. USD/JPY has finally managed a small move and is back above 77.00, whilst the AUD and NZD are being driven lower by risk-aversion trades. The GBP is making gains on the crosses and the SNB were spotted buying EUR/CHF on Friday night.
Good luck today.
“Labor reserve” idea set to be fleshed out be Greece today
Transferring public-sector jobs to a “labor reserve” at reduced pay is set to be unveiled after a Greek cabinet meeting on Sunday. The Troika inspectors are pushing Greece to speed up reforms.
The Euro group finance ministers meet tomorrow to have another go at solving the Greek crisis…
Domestic politics continues to bedevil EFSF in Slovakia
They’ve got two weeks to work it out…
Swiss FinMin: Franc cap at right level, for now
And the government has harsh tactics up its sleeve, if needed, Widmer-Schlumpf says.
Germany: We’re done!
EUR 211 bln for the EFSF and not a penny more, says FinMin Schaeuble.

AUTOREFRESH 


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