LiteForex - Analytics

    LiteForex

    802.75 8.00/10
    78% of positive reviews
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    EUR/USD: general review on 31.03.2015

    The single European currency remains under pressure as Greece's credit rating was downgraded by 2 notches to "CCC". The country's sovereign debt amounts to 175% of GDP, and the next loan repayment of 450 million euro is to be made on 9th April. The country may default unless the situation changes. Creditors are negotiating with Greek government to stabilize the situation, but the process may last long.

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