Greek bailout fails to inspire FX traders
BRUSSELS – Euro risk reversals spiked higher as a Greek bailout deal was finally hammered out last Thursday (March 25), but options traders said any window for put buying could close soon.
Eurozone leaders agreed on a Franco-German rescue package for Greece in the form of bilateral and International Monetary Fund loans. The aid package is designed to be a last resort, and can only be activated with unanimous consent from within the eurozone.
In the spot market, the euro rallied from a 10-month
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