Grexit not a sensible solution – Varoufakis

FXStreet (Mumbai) - Greek finance minister Varoufakis told German newspaper Bild that Grexit is ruled out as it is not a ‘sensible solution’.

Key Quotes

“Debt restructuring is the only way possible for Greece, the country would need no other aid.”

“it would be possible to reach a deal with creditors 'in one night' but Merkel 'must take part'.”

BOJ likely to expand stimulus in October – Reuters survey

The latest Reuters survey indicates the majority of the economists expect the Bank of Japan (BOJ) expand its monetary stimulus in October.
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NZD/USD off lows, but weak around 0.6980

The NZD/USD pair recovered slightly from the low of 0.6958 to trade around 0.6980 levels even though the NZIER revised its 2015 and 2016 economic growth forecasts lower.
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