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Not enough progress made on Greece talks – EU’s Dombrovksis

FXStreet (Mumbai) - EU commission VP Dombrovksis talking to reporters in Riga ahead of the Eurogroup meeting said not much progress is made on Greece talks as technical work is not done.

He further added that there will not be a deal in Riga, while stating that Greece has delayed its adjustment, which is hurting its economy. However, he is confident that the fundamentals are in place for Greek recovery.

When will the Greeks run out of money? – Nomura

European Economists at Nomura, estimate the amount of funds available as on now with the Greeks using their debt servicing needs, state’s cash primary balance estimates and the state cash deposits.
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USD/CHF upside bias while above 0.9493 – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank, notes USD/CHF maintains an upside bias while the pair trades above 0.9493, with next resistance at 0.9754.
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