Greece says it needs to borrow another EUR 8 bln by the end of the year. Their Deficit is now over 12% of GDP, a factor which led Moody’s to downgrade their outlook for Greek debt last week.
A big 15-year bond sale opens its books tomorrow. A poor reception could be a minor drag on the euro.
EUR/USD consolidates around 1.4820 after stalling at 1.4845 on Asian sales after a round of strong US data boosted the global reflation trade.
