Source: ForexYard
Fears of a Greek exit from the euro-zone brought the EUR/USD within range of a four-month low yesterday. Facebook dropped another $2 a share during overnight trading while crude oil is trading below $91 a barrel.
Main News for Today
EU Economic Summit-All Day
• Traders will want to pay attention to any announcements following the summit
• Investors will be waiting to see if France and Germany can come to an agreement over how best to stimulate economic growth in the euro-zone
• Positive developments could lead to short term euro gains
US New Home Sales-14:00 GMT
• The dollar saw gains against the yen yesterday following a better than expected US Existing Home Sales figure
• If today’s news come in as expected, the USD could extend yesterday’s gains
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