The dollar fell against most of its major peers with Greece’s looming default The rise of the Greek default loomed this month as the country struggled to put together new austerity measures demanded by the European leaders for a second bailout. German Fiancé minister Wolfgang Schaeuble is saying that Europe is better prepared than it was two years ago for a Greek collapse It is likely that Eurozone finance ministers will officially have completeed the 2nd Greek rescue package tomorrow, but will this be enough? The dollar fell against most of its major peers before a report forecast to show US manufacturing index rose for a 4th month. The rise of the Greek default loomed this month as the country struggled to put together new austerity measures demanded by the European leaders for a second bailout. German Fiancé minister Wolfgang Schaeuble is saying that Europe is better prepared than it was two years ago for a Greek collapse It is likely that Eurozone finance ministers will officially have completeed the 2nd Greek rescue package tomorrow, but will this be enough? The dollar fell against most of its major peers before a report forecast to show US manufacturing index rose for a 4th month. Monti has said that Europe’s debt crisis has eased since the ECB started pumping unlimited amounts of 3- year cash into the bank in December, while Angela Merkel has expressed reluctance to discuss increasing the size of Europe’s bailout fund. For a live rate login to RationalFX now or call +44 (0)20 7220 8181 to speak to a RationalFX dealer.
