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Why Greece's Challenge Won't Go Away

June 01, 2017
Greece is stuck.  It has fulfilled nearly every demand of the official creditors.  Most recently, it agreed to cut some pensions and raise some taxes after the current aid package expires around the middle of next year.  
This agreement will free up the next tranche of payment so that Greece can make a large debt service payment (~7 bln euros) next…
Why Greece's Challenge Won't Go Away Why Greece's Challenge Won't Go Away Reviewed by Marc Chandler on June 01, 2017 Rating: 5
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Great Graphic: Don't be Misled by Sterling Stability, Investors are Concerned Great Graphic: Don't be Misled by Sterling Stability, Investors are Concerned Reviewed by Marc Chandler on June 01, 2017 Rating: 5
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Greenback Steadies at Lower Levels, Sterling Struggles

June 01, 2017
The US dollar is mostly firmer against the major currencies.  It is consolidating yesterday's losses more than staging much of a recovery.  Even sterling, where a YouGov poll has the Tory lead at three percentage points, down from seven previously, is above yesterday's lows.  
On the other hand, even strong data from Japan did not drive the…
Greenback Steadies at Lower Levels, Sterling Struggles Greenback Steadies at Lower Levels, Sterling Struggles Reviewed by Marc Chandler on June 01, 2017 Rating: 5
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