The euro posts gains this week even though it’s unclear whether Greece would receive the next portion of the planned €130 billion bailout. The future of the euro remains uncertain as a good outcome of the Greek story is in no way guaranteed.(...)
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The Chilean peso rose today despite the negative influence that the deadlock in the talks about Greek bailout had on the currency markets. The peso may weaken in the future as Chile’s Finance Minister voiced concerns about impact of the strong currency on the nation’s economy.(...)
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The Canadian dollar dropped today against the greenback and the Japanese yen, but rose versus the euro, as Greece won’t receive rescue until nation’s leaders would accept deeper budget cuts demanded by other members of the European Union.(...)
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