Adding another wrinkle to the ongoing Greek tragedy even as the Thursday deadline looms, certain private bondholders are reconsidering their participation in a debt swap. Analysts say that without their agreement to swap out maturing debt, the whole fragile “house of cards” could come tumbling down and the country may find itself, once again, on the precipice of bankruptcy. With that news, the Euro and other higher risk currencies came under significant pressure. Read more
Forex