The market doesn't believe the Eurogroup President when he says creditors 'still far from a deal with Greece'
The comment from Dijsselbloem stopped the EUR/USD rally but it hasn't reversed it. It's good form to say a deal is far away until a deal is virtually done. It also helps keep some urgency in the negotiations.
That said, me might be playing it straight. Greece and Eurozone creditors submitted competing proposals to each other today and unless you're Tsipras or Dijsselbloem, you don't know how far away they are.
Trading with that total lack of information at this point seems like more of a gamble than an educated guess. I suspect we'll have a few more twists and turns before a genuine deal is reached.
