EUR/USD: Greek Credit Rating Upgrade, German Ifo to Buoy the Euro

The Euro is believed to gain alongside the US dollar today after Standard & Poor’s raised Greece’s credit rating following its successful bond buyback program. Likewise, economic figures due out today are seen to suggest an improving outlook for the Euro Zone economy in the coming months. Over to the US, perceived progress in negotiations to avert the fiscal cliff is presumed to boost risk sentiment.

Continue Reading...