EUR Trading Outlook (21-06-2012)
The euro (EUR) recorded gains against most of its major counterparts as positive developments from Greece hit the newswires. Early in the US session, the New Democracy party leader Antonis Samaras was reported to have sworn as Prime Minister. This was well received by market participants, however skepticism still remains on how the new coalition government plans to renegotiate the bailout terms and put Greece back on track. Versus the Australian dollar (AUD), the single currency dropped to 1.2435 from 1.2454.
Back to EUR Trading Outlook Archive
