DY; Currencies Consolidate in Quiet Overnight Trade
The Euro has mounted a decent comeback into Wednesday after the EU FinMins agreed that Greece must work to reduce its budget deficit to help restore investor confidence. Comments from a Greek FinMin that there was no actual need for a bailout, were also seen helping to prop the single currency, which has finally broken back above the 10-Day SMA and poised for some additional corrective upside.