Greece will receive the financial aid - 27.11.2012
Euro vs. US dollar overcame 1.3000 for the first time this month, reaching 1.3008 today. Eurozone Finance Ministers and IMF agreed on granting financial aid for Greece on Monday in amount of 43.7 billion EUR. Besides it, the Eurogroup is intended to discuss additional steps to reduce the Greek debt to 124% GDP in 2020. Among the additional measures reducing rates for official loans and their terms extension are called.
However, there was no significant growth in the single currency observed. Today at the gate of European trading session the EURUSD has stabilized at 1.2990. Probably, the widely expected decision was already priced in. There was the preferential growth in quotations observed in Asian trading - most of the major stock indices were closed in the green zone. Growth is also expected in European and American markets.
In terms of macroeconomic this day is expected plenty of news: data from the UK, including the GDP dynamics in the Q3 and in the U.S. - Orders for durable goods, and the consumer sentiment index.