17 Feb 2015
Eurogroup Meeting - What will Friday bring in for the Euro? – Westpac
FXStreet (Barcelona) - Sean Callow of Westpac, comments that EUR was hammered towards 1.1320 after Greece and Eurozone failed to reach an agreement, and further adds that the Eurogroup president has signalled towards another possible meeting on Friday.
Key Quotes
“EUR/USD fell almost a cent as Greek and Eurozone officials could not agree on the shape of the bailout extension, though talks will continue this week.”
“In a quiet session (US on holiday) the Euro Stoxx 50 closed -0.4% (Athens -3.8%).”
“EUR/USD wandered around 1.1400-25 for some hours, then as far as 1.1320 when the Eurogroup meeting ended without agreement.”
“Greek FinMin Varoufakis said he expected the two sides to meet half-way, coming to an agreement within 48 hours.”
“Eurogroup president Dijsselbloem said there could be another meeting on Friday.”
Key Quotes
“EUR/USD fell almost a cent as Greek and Eurozone officials could not agree on the shape of the bailout extension, though talks will continue this week.”
“In a quiet session (US on holiday) the Euro Stoxx 50 closed -0.4% (Athens -3.8%).”
“EUR/USD wandered around 1.1400-25 for some hours, then as far as 1.1320 when the Eurogroup meeting ended without agreement.”
“Greek FinMin Varoufakis said he expected the two sides to meet half-way, coming to an agreement within 48 hours.”
“Eurogroup president Dijsselbloem said there could be another meeting on Friday.”