The Greek crisis is escalating: Greece officially rejects the so called “last, best offer” by the creditors and in addition, the debt stricken country announced it will not honor the ~€300 million payment to the IMF on Friday.
They want to bundle all June’s payments into one at the end of the month. This is becoming more serious.
EURUSD has already dropped over 120
pips from the highs for various reasons, and the pressure continues.
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