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22 Jun 2015

Greek negotiations update - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the events surrounding Greece on the opening day of this week's negotiations.

Key Quotes:

"It was all about Greece once again across the financial markets, with sentiment flipping between hopes on a deal and the discouragement of another delay, all through the day."

"Needless to say, a deal has not been yet reached, and the Eurogroup head, Jeroen Dijsselbloem, has said that a new proposal coming from Greece will be studied in the next few days, in order to get a deal this week."

"In the meantime, the clock keeps ticking for the troubled country, and the banks withdrawals were said to have been of around €5bn last week, whilst Greek pre-orders for deposit withdrawals on Monday were said to have reached €1bn, forcing the ECB to extend the ELA facilities for a third time in five days. In the US, existing-home sales increased in May to their highest pace in nearly six years, according to official data, reaching 5.35 million."
Jun 22, 2015

AUD/USD bear in control below key 0.78

AUD/USD is currently trading at 0.7721 with high of 0.7798 and a low of 0.7720.
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Jun 22, 2015

Greek government wants debt-relief element in any aid deal

Greek government wants a debt-relief element in any aid deal, according to Greek official.
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