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9 Apr 2015
Greece remains an ongoing risk to EUR – Scotiabank
FXStreet (Barcelona) - Ongoing risks over Greece headlines related to the ELA funding, T-Bill maturities and May IMF repayment, will keep EUR pressured, notes Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank.
Key Quotes
“Today, Greece made the €0.5bn payment to IMF, with the next major hurdles the April 13th €1.4bn and April 16th €1bn T‐bill maturities with the next IMF payment due on May 11th €0.8bn.”
“Rumours are circling that the ECB will announce their decision on Greece’s request for a further ELA increase later today, but that Greece might be disappointed. Accordingly, Greece remains an ongoing risk to EUR.”
“There was no Eurozone data, but Germany released mixed industrial production and strong export data. Accordingly uneven data releases continue.”
“Upcoming European dates that could drive EUR volatility include:
Ongoing risk over Greek headlines
April 15th ECB decision
April 16/17 G20 finance ministers meeting
April 17th CPI print”
Key Quotes
“Today, Greece made the €0.5bn payment to IMF, with the next major hurdles the April 13th €1.4bn and April 16th €1bn T‐bill maturities with the next IMF payment due on May 11th €0.8bn.”
“Rumours are circling that the ECB will announce their decision on Greece’s request for a further ELA increase later today, but that Greece might be disappointed. Accordingly, Greece remains an ongoing risk to EUR.”
“There was no Eurozone data, but Germany released mixed industrial production and strong export data. Accordingly uneven data releases continue.”
“Upcoming European dates that could drive EUR volatility include:
Ongoing risk over Greek headlines
April 15th ECB decision
April 16/17 G20 finance ministers meeting
April 17th CPI print”