A month ago, the CEO of Deutsche Bank helped send EUR/USD skidding when he opined that he doubted Greece would be able to pay its debts.
Now he says he changes his view. The PM’s commitment to reform makes him believe Greece will be successful servicing its debts.
Either that, or he had a look at his Greek holdings and realized he’d better at least hope Greece would be able to rise out the storm…
EUR/USD continues to edge higher in very quiet afternoon trade. I can’t imagine Ackermann’s comments are part of the rally…EUr is now at 1.2085.
