Weekly Review and Outlook: Euro Recovered after Selloff as Greece Fear Temporarily Ea

[Forex-Outlook]

Euro was under much pressure last week as CDS on Greece and spread between yield on Greece bond surged on concern of default. Eurostat revised up Greece deficit to 13.6 of GDP last year, up from prior estimate of 12.9% and nearly doubled the figure of 2008. Moody's downgraded Greece’s...

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