EURO REMAINED UNDER PRESSURE AMID DISAGREEMENTS BETWEEN THE INTERNATIONAL MONETARY FUND AND EUROPE ON HOW BEST TO REDUCE GREECE
DECISION ON DISBURSING THE COUNTRY’S NEXT TRANCHE OF AID, WORTH EUR31.5 BILLION, HAS BEEN POSTPONED UNTIL 20 NOVEMBER.
IN COMING WEEK, MARKET PARTICIPANTS WILL BE FOCUSING ON DEVELOPMENTS RELATING TO U.S. FISCAL CLIFF , AS WELL AS TUESDAY’S MEETING OF THE EURO GROUP OF FINANCE MINISTERS TO DISCUSS UNLOCKING GREECE NEXT AID INSTALLMENT.
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