FXStreet (Córdoba) – EUR/USD suddenly bounced off lows and recover ground following headlines stating Greece and creditors have started crafting staff level accord.
Comments coming from a Greek government official point to a staff level accord, but a full agreement needs to be finalized. The accord would include lower primary surpluses
and a long term solution on debt.
EUR/USD jumped from a low of 1.0818 to the 1.0875 area in a matter of minutes, but the movement lacked follow-through. At time of writing, the pair is trading at 1.0855, still 0.18% below its opening price.
(Market News Provided by FXstreet)