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9 Apr 2015
Euro volatility drivers - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank explained that today, Greece made the €0.5bn payment to IMF, with the next major hurdles the April 13th €1.4bn and April 16th €1bn T‐bill maturities with the next IMF payment due on May 11th €0.8bn.
Key Quotes:
"Rumours are circling that the ECB will announce their decision on Greece’s request for a further ELA increase later today, but that Greece might be disappointed."
"Accordingly, Greece remains an ongoing risk to EUR. There was no Euro‐ zone data, but Germany released mixed industrial production and strong export data."
"Accordingly uneven data releases continue. Upcoming European dates that could drive EUR volatlity include: ongoing risk over Greek headlines. April 15th ECB decision. April 16/17 G20 finance ministers meeting. April 17th CPI print."
Key Quotes:
"Rumours are circling that the ECB will announce their decision on Greece’s request for a further ELA increase later today, but that Greece might be disappointed."
"Accordingly, Greece remains an ongoing risk to EUR. There was no Euro‐ zone data, but Germany released mixed industrial production and strong export data."
"Accordingly uneven data releases continue. Upcoming European dates that could drive EUR volatlity include: ongoing risk over Greek headlines. April 15th ECB decision. April 16/17 G20 finance ministers meeting. April 17th CPI print."