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30 Dec 2014
Probable contagion Greece situation might be balanced by ECB policy support – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team expects any major contagion arising out of the Greek political situation to be balanced by policy support from the ECB.
Key Quotes
“The EUR/USD initially drifted lower amid the brewing Greek political crisis that could fuel fears for the wider Euro Zone. The situation in Greece highlighted the view that the crisis in EMU was far from over. The EUR/USD was off fresh 2 year lows of 1.2124 as the European morning progressed.”
“Dealers and analysts noted that the Greek political situation was somewhat unique which limited the potential for contagion. Any major contagion would likely to be met with policy support from ECB.”
Key Quotes
“The EUR/USD initially drifted lower amid the brewing Greek political crisis that could fuel fears for the wider Euro Zone. The situation in Greece highlighted the view that the crisis in EMU was far from over. The EUR/USD was off fresh 2 year lows of 1.2124 as the European morning progressed.”
“Dealers and analysts noted that the Greek political situation was somewhat unique which limited the potential for contagion. Any major contagion would likely to be met with policy support from ECB.”