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Euro hit by Greek uncertainty

Mar. 30, 2015 4:58 AM ETFXE, ERO-OLD, URR, DRR, ULE, EUO, EUFXBy: Yoel Minkoff, SA News Editor7 Comments
  • After pulling away from a 12-year trough the last two weeks, the euro fell to as low as $1.0830 (-0.6%) this morning, hurt by the uncertainty of whether Greece would be able to strike a deal with its creditors before it runs out of cash.
  • After sending a list of reforms to bailout monitors late last week, both sides held lengthy talks over the weekend, with Greece pledging to finalize the list by Monday.
  • The proposals include measures to increase tax revenue and investment, and would raise some €3B, according to Greek officials.
  • Athens' ATG stock index -1.1%.
  • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR

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