Euro dollar kicked off the new week around the same levels it saw late on Friday. After the pair tumbled, ISDA finally called a credit event following the bond swap, and also Moody’s said that Greece is in default. The Eurogroup still needs to provide the green light to the full second bailout, and so does the IMF. Tomorrow’s Fed decision will keep markets tense.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-mar-12-world-doesnt-end-after-official-greek-default/"]EUR/USD - World Doesn’t End After Official Greek Default[/URL][/I][/B]
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