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The eurogroup approves 7.5 Bn in aid to Greece

FXstreet.com (San Francisco) - The eurogroup has approved €7.5 billion in aid payments to Greece according to recent news. The first tranche will be disbursed immediately. However, the second will be delivered after Troika's conditions to be met.

The Troika will monitor Greece on next steps and the developments in October. Earlier on the day, the Prime Minister Samaras said the Troika has stopped its quarterly visits. Samaras also said that Greece won’t need any more bailouts.

Forex: US Dollar Index consolidates above 83.00

The greenback, tracked by the US Dollar Index, is inching higher on Monday, extending its rally well beyond the 83.00 figure, as risk aversion still dominates the sentiment...
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Forex: EUR/USD glued to 1.2970/75

After quite a volatile session, the single currency seems to have stabilized in the area of 1.2970/75 at the end of the trading session on Monday against the backdrop of an increasing demand for the safe haven USD...
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