Jan30
Greek Talks Continue
By Tom Higham
Talks regarding Greek debt levels are expected to resume this week as no resolution is yet to be reached. The uncertainty surrounding Greece’s debt repayment and therefore the unity of the Eurozone continues to hangover the head of euro exchange rates. In fact over the weekend credit ratings agency Fitch have downgraded several European economies including Spain and Italy which is further bad news for the debt laden single currency economy. While this story rumbles on it is likely we will see more exchange rate movement and so the recent 16 month high on Sterling Euro could be soon a distant memory!
Meanwhile in the US there was some good news as they announced that the economy had grown more than expected good news for both the US and the global economy. Should the US economy continue to move from strength to strength we could see not only Dollar strength but also some other currencies such as the Australian and New Zealand dollars strengthen as investors confidence in the global economy grow.
Archived in: Australian Dollar, British Pound, Euro, US Dollar








