The Euro (EUR) the EUR/USD reversed from year lows under 1.2700 as the fear of Greece leaving the Eurozone subsided and profit taking lifted the major back to 1.2750 but is still under downside pressure. The G8 meet on the weekend and the EU Debt crisis will be high on the agenda. A temporary Greek PM and caretaker government have been announced while we wait for next month’s elections.
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