Euro’s Greek Boost Evaporates as Analysts Predict Losses to Come
Greek Agreement Not a Good Outcome for Europe: Davies
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Currency traders are taking Greece’s bailout agreement as a green light to sell the euro.
The single currency tumbled by the most in almost three weeks amid speculation a Greek deal will produce enough calm for the Federal Reserve to raise U.S. interest rates this year. The euro reversed earlier gains as investors digested the fact that the agreement still needs the approval of several national parliaments, including Greece’s, before formal bailout negotiations can start.