European Session – Euro weakens as EU Summit looms, dollar surges on US GDP data
Posted on June 24, 2015 at 2:40 pm GMTHeadlines pointing to the remaining differences between Greece and its international creditors caused volatility in the euro today. It was reported that Greek Prime Minister Alexis Tsipras said that some of his government’s proposed reforms that were submitted this week were rejected due to disagreements on tax and pension reforms. Tsipras’ comments rattled the markets because most investors were optimistic until now that there would be a deal this week. But the news of the rejection came as a shock [..]