Euro Traders Shed Last Bit of Optimism From Greek February Deal
Greece’s Varoufakis Puts Aid Deal Blame on Creditors
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Currency traders are more pessimistic on the euro than at any time since Greece secured a provisional funding deal with creditors three months ago.
Options to sell the euro for dollars cost 2.3 percentage points more than contracts to buy, the most since Feb. 20, three-month risk-reversal prices compiled by Bloomberg show. That suggests the optimism created by the accord that day has finally evaporated and implies further losses for the single currency after it dropped to its weakest level since April 28.