Reuters is running a headline from the Greek deputy finance minister saying that the EU’s failure to decide on a a debt support mechanism will be crucial for the euro’s future.
The EU has kicked the can down the road for another month or tow and the market will gloss over Greece until they come to market for more bond dales. If those sales go poorly, the EUR/USD will come under renewed pressure. If they go well, the market will turn to other issues.
EUR/USD is ignoring the comments, trading at 1.3760.
