Plans in place for Greek exit
The Euro (EUR) spiraled to new multi-month lows as Reuters reports circulated that the “Euro group were asked to prepare a Greek exit contingency plan”. Stock markets were sent in to a free fall, dragging the Eurodollar along for the ride to trade at its lowest level since July 2011. The single currency managed to fall from levels near 1.2690 to trade at 1.2545