Greece Debt Swap Begins

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.03 CHF -0.01 GBP -0.08 JPY -0.67 Risk appetite generally increased in Asian session, as the Greek debt swap is scheduled to start today. Yesterday the Greek parliament agreed to the proposed debt swap law, which encapsulates the critical law for retroactive collective action clauses. Given the delicate nature today’s debt swap, traders will probably hold back until it’s confirmed that the process went smoothly. Finance Minister… Read More …