20 Feb 2015
EUR/USD rallies amid confusing Greek headlines
FXStreet (Córdoba) - The euro rose nearly a full cent versus the dollar in a matter of minutes, bouncing from daily lows in the 1.1280 vicinity amid confusing news about the EU/Greece debt negotiations.
Eurozone finance ministers are meeting in Brussels, but some of them cautioned that an agreement might remain elusive today. Meanwhile, Eurogroup’s Dijsselbloem said there are reasons for some optimism after talks and hoped to give more on outcome in "a couple of hours".
According to media reports, Greece’s finmin sent the wrong letter on Thursday due to a “technical mistake”. The intended version supposedly goes “a step further accepting conditions agreed to by the previous government”.
EUR/USD rose to a fresh daily high of 1.1373 driven by Greece’s rumours. At time of writing, the pair is trading at 1.1360, little changed on the day.
Eurozone finance ministers are meeting in Brussels, but some of them cautioned that an agreement might remain elusive today. Meanwhile, Eurogroup’s Dijsselbloem said there are reasons for some optimism after talks and hoped to give more on outcome in "a couple of hours".
According to media reports, Greece’s finmin sent the wrong letter on Thursday due to a “technical mistake”. The intended version supposedly goes “a step further accepting conditions agreed to by the previous government”.
EUR/USD rose to a fresh daily high of 1.1373 driven by Greece’s rumours. At time of writing, the pair is trading at 1.1360, little changed on the day.