The euro went down before the end of the summit in Brussels today. The European Union leaders discussed the bailout for Greece and traders are uncertain about the possible decision.
The European finance ministers will decide on July 3 whether Greece has done enough to receive aid. To get next part of the rescue planned rescue package the country should implement budget cuts and other measures to fix the economic imbalances. The problem is that the Greek officials should vote for the austerity measures and many economists believe that the politician won’t perform such unpopular step.
There are some hopes for Greece among Forex market participant and the euro started rising on yesterday’s trading session, but the rally wasn’t enough to erase losses. At today’s trading session the currency trades almost flat.
EUR/USD traded at 1.4244 today as of 1:51 GMT after falling yesterday from 1.4355 to 1.4255. EUR/JPY traded near 114.68 after it dropped on the previous trading session from 115.27 to 114.80. EUR/CHF traded at about 1.1950, following the decline from 1.2045 to 1.1954.
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