Last nite trading, we reported The Euro was flat after the European finance ministers agreed to provide Greece a bailout, but investors weren't convinced that the situation in the eurozone will improve in the near future and many traders weren't convinced and pessimistic
Meanwhile, UK pound is struggling today, even with the announcement that Britain saw its biggest budget surplus in four years during January. The news is being met with calls for more government spending to stimulate the economy, but George Osborne is holding steady, and insisting that more austerity is needed.
From U.S. we reported, US dollar is lower today, dropping as Forex traders look forward to a Greek bailout. The expectation is that eurozone leaders will come up with a way to get Greece the money it needs to avoid a messy default. Equities around the world rallied on the news, and the need for safe haven fell, bringing the US dollar down as well. But it doesn't matter, because it is just temporary
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