Euro Opens in Positive Territory

The euro gained slightly on yesterday’s sell-off on news that the first round of financial aid would be made available to Greece in time to meet tomorrow’s 8.5 billion euro bond repayment deadline. This helped narrow the 10-year Greek/German government bond yield spread and cut the cost of insuring against a Greek default, supporting the euro.

Source: Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.