forex news

The euro recorded mixed results against its major counterparts as the meeting between French President Sarcozy and German Chancellor Merkel did not produce any headlines for the markets. German trade data came out stronger than expected, while Greece’s PSI agreement came again into the spotlight. Greece will have to perform EUR 14.5 billion bond redemption on March 20th and this date appears to be the next focal point in this drama. Without additional financing, the debt-ridden nation could be forced into a default. Versus the US dollar, the single currency rose to 1.2772 from 1.2724. Against the Swiss franc, the euro fell to 1.2110 from 1.2160, following the resignation of SNB President Hildebrand.