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29 Jun 2011: Greece is now in the final hours before the critical vote
EUR/USD: Greece is now in the final hours before the critical vote
Greece is now in the final hours before a critical vote on austerity and privatization measures that could determine whether Athens will be able to honor repayment obligations falling due the middle of next month. The Greek Parliament will vote this afternoon on a package of measures that includes E28 billion in spending cuts and tax hikes and the creation of an independent privatization agency that will be charged with the task of raising at least E50 billion by selling off publicly owned assets. ...
 
27 Jun 2011: European leaders prepare for a Greek default
EUR/USD: European leaders prepare for a Greek default
Greek politicians will vote on a radical EUR28.4bn austerity package in the coming days that they must pass if the country is to receive the vital fifth tranche of a EUR110bn bail-out agreed last year. The outcome is expected to go down to the wire as the ruling party's slim majority is pushed to the limit by the opposition's refusal to support the deal. ...
 
23 Jun 2011: Euro weakens before the EU summit in Brussels
EUR/USD: Euro weakens before the EU summit in Brussels
Euro weakened against most of its major counterparts before European leaders begin a two-day summit in Brussels today to discuss Greece's financing needs as the nation struggles to stave off default. The single currency dropped for a second day against the dollar on prospects Greek Prime Minister George Papandreou will face difficulty in getting parliamentary approval next week for a package of budget cuts and asset sales, needed to be eligible for a second round of aid. ...
 
21 Jun 2011: 21 June, 2011 Dollar under pressure
GBP/USD: Dollar under pressure
The dollar fell against most of its major peers before a report that’s expected to show new home sales in the U.S. slumped in May, adding pressure on the Federal Reserve to keep interest rates at a record low. ...
 
20 Jun 2011: Euro hits new lows against dollar
EUR-USD Euro hits new lows against dollar
EUR-USDhit new lows as Greek bailout concerns led to heavy sell-off of the euro. Busy week ahead for US with significant data releases later this week. ...