April 12, 2010
Euro Finishes Higher; Poised to Fill Gap
The EUR USD settled into a range after gapping open and pulling back from its high throughout the New York session, as traders awaited more details about the Greece
bailout package. In addition, traders are waiting for Tuesday’s Greek Treasury bill auction. Investors want to see whether there is strong demand for short-term Greek debt or if it is going to have
to borrow to keep up with its financial obligations.
