All eyes on Athens

Yesterday’s well received Spanish and Greek bond auctions, coupled with a significant improvement in German economic sentiment index, have buoyed sentiment towards the Euro.

Additionally, reports suggesting that Greece is nearing a deal on its debt with private bondholders have further improved trading sentiment in high yield currencies. In this session, market participants are eyeing German and Portuguese bond auctions and news bytes from talks between Greek officials and private bondholders.

On the domestic front, data just released has indicated a rise in the unemployment rate for November, while the claimant count rose less than expected.

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All eyes on Athens

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