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Grexit concerns rise again – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team comments that the recent Eurogroup meeting has only increased risks of a Grexit.

Key Quotes

“As Greek negotiators continue their work with European lenders, there is renewed chatter concerning the the possibility of Grexit when the current program expires at the end of June.”

“Slovenia Fin Min Mramor raised the Plan B discussion, though his German counterpart hinted it would be extremely unexpected.”

“The latest from Athens meanwhile saw over 70% of population leaning in favor of a debt agreement with EU and only 23% indicating they were prepared to leave the Eurozone.”

“Greek PM Tsipras reportedly held more talks with Germanys Merkel over the weekend, and conversations will continue on Monday.”

EUR/USD testing highs near 1.0875

The shared currency continues its choppy trend and recovers losses versus the greenback in the early European trades, with EUR/USD supported above 1.0850 levels, largely as the US dollar snapped a minor recovery, correcting heavy losses following downbeat US durable goods orders numbers on Friday.
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Gold might recover to $1192.14 – FXStreet

FXStreet Editor and Analyst, Dhwani Mehta, sees further recovery potential for XAU/USD towards 1189.22 and even 1192.14.
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