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EUR/USD: Euro doesn’t believe in Greece
The pair EUR/USD is traded downward at the Forex currency market on Monday morning – in spite of positive news from Greece.
By 9.30 MSK the Euro is at 1.3333 against Friday’s closing level of 1.3387.
Last weekend Greece Cabinet of Ministers approved the project of 2012 budget that stipulates 6.8% GDP deficit – higher than the level promised to the creditors (6.5% GDP).
Besides, Greece Finance Minister promised that the Athens would get a 6th money tranche because the country did its best to obtain it.
Still the market is not inclined to trust to words until it sees real actions.
The PMI data in a set of European countries will be released today, evening traders will monitor statistics from the USA.
Most likely the pair EUR/USD will not go beyond the range of 1.3290-1.3390 at the trading session on Monday.
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