The EUR/USD continued to take a downward turn as news regarding the anticipated Greek bailout package is not inspiring confidence amongst investors. The news that EU finance ministers were looking for ways to delay parts of the second Greek bailout has caused a great deal of uncertainty regarding the euro. As of this morning the EUR/USD was at its lowest point in three weeks at $1.3020.
The next development in this story might have to wait until next Monday when EU finance minister are to meet regarding the approval of a second rescue package for Greece. Until then, there is a possibility that volatility will continue.
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