April 13, 2010

Euro Trades Flat; Traders Waiting for More News from Greece

The Euro wavered from up a few pips to down a few pips throughout most of the New York session as very limited news changed hands. Last night Greece concluded a
successful 6-month and 52 week T-Bill auction. Demand was strong and the bid-to-cover impressive. Interest rates were high, but better than they were last week. Traders are now waiting for the next
move by Greece. They are either going to be …