Safe haven currency best pairs for now is EUR/USD, buy strong on EUR, The US DOLLAR index which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 93.34.
EUROPEAN UNION CURRENCY EUR/USD held steady at 1.1348 after Greece submitted a new package of economic reforms on Sunday night, this sentiments indicating that it is prepared to make concessions to break a deadlock in order to unlock €7.2 billion in funds.to coverage Greek Debt crisis
As we know that Greece’s existing bailout is set to expire at the end of this month, when it must also repay €1.6 billion to the International Monetary Fund. A default by Greece could trigger the country’s exit from the euro zone. Which means Portugal and Italy could triggers
Athena governor, Greek Prime Minister Alexis Tsipras was to hold talks with representatives from the IMF, the European Central Bank and the eurogroup of finance ministers later in the day, ahead of an emergency summit by European Union leaders. Meeting with all eurozone members
Bad scenarios If no deal is reached Greece could need to impose capital controls on Tuesday to stem a mounting crisis in the banking sector after bank withdrawals surpassed a billion euros a day late last week. Rush movement of funds for banking sector
Meanwhile great Britain safe haven currency The pound was lower, with GBP/USD down 0.40% to 1.5824.
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