French FinMin Lagarde says “some” European governments are engaging in parliamentary debates for “posturing” to deal with public opinion. Time is of the essence in dealing with Greece, she says from New York, according to Reuters.
EUR/USD is consolidating in ranges, now at 1.3325.
Lagarde also said that the current global economic rebalancing favors emerging markets. Commodity currencies tend to track emerging markets and are firm. USD/CAD is back below 1.00, AUD is near 0.9300 and Kiwi is at 0.7240.
