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EUR/USD calm ahead of EU Summit

  • Time running out as debt repayments loom and Greek banks strapped for cash

  • Pair under pressure as market awaits the result of yet another EU summit

  • EU leaders are urging Greek PM Tsipras to come up with firm proposal

  • Greece likely to propose relief on their debt in exchange for austerity

  • EU so far has resisted any proposals involving Greek debt relief

  • If no sign of deal materializes it will likely weigh on EUR sentiment 

 

  • Market Data
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