Greece’s second bail-out met with relief

European Union flags

Forex traders and strategists have widely welcomed a second bail-out package for Greece announced by eurozone heads of state on July 21. The agreement will see a new programme of support amounting to roughly €109 billion, under which the private sector will also contribute €37 billion.

Forex markets greeted the news with relief, with eurodollar rising to 1.4437 in intraday trading on July 22, having been at 1.38 earlier this month. Meanwhile EUR/CHF traded at 1.1890 and EUR/GBP touched 0.8853.


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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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