Euro drops on Greece news

During
US trading was up against the euro
The dollar, however, to 10.52 MSK goes again
Down: EURUSD traded at
the level of 1.1169. The yen the single currency lost
0,83%: EURJPY - at around
136.54. Investors are preparing for a default
Greece, which already looks inevitable.
In turn, the default closer
the risk of the country exiting the eurozone.

Hedge funds
increase sales of the single currency,
which on Monday reached
month low of $ 1.0955.

However, serious
Panic is not yet noticeable. Firstly, Greece
introduced for capital flow control,
closed banks and the stock exchange. Second, the ECB
It maintains a limit on the maintenance of liquidity
Greek banks. Finally, it is
it is possible that the markets are waiting for the results
national referendum on Sunday,
in which the Greeks express their opinion -
agree or disagree on the conditions of lenders.
Alexis Tsipras, meanwhile, has already hinted
the possibility of his early resignation,
if the country agreed with the course
"Troika", which did not agree
government.

Experts say
that in the medium-term investors
It continues to hold a short position in
EURUSD. Forex analytics
It suggests that market prices
It has long incorporated the probability of a Greek
default, so have fallen sharply while
not visible.

Definitely
until you can say only one thing:
the coming days, we expect strong fluctuations
pair EURUSD.