EUR Reverses Gains against Safe Haven Rivals

Source: ForexYard EUR Reverses Gains against Safe Haven Rivals Fears that Greece could still default on its debt despite Monday's approval of a bailout package led to risk aversion in the markets yesterday. The euro largely reversed earlier gains against both the USD and JPY as a result. Today, in addition to any euro-zone announcements regarding Greece, traders will want to pay attention to a batch of German and French manufacturing data. As the two largest economies in the euro-zone, indicators from Germany and France have the potential to impact the EUR. Economic News USD – Risk Aversion Leads to USD Gains The USD was able to largely recoup the losses it took on Monday throughout yesterday's . . . → Read More: EUR Reverses Gains against Safe Haven Rivals