{"id":8944,"date":"2010-04-30T09:43:36","date_gmt":"2010-04-30T13:43:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8944"},"modified":"2010-04-30T09:43:36","modified_gmt":"2010-04-30T13:43:36","slug":"forex-traders-reduce-pressure-on-the-euro","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/30\/forex-traders-reduce-pressure-on-the-euro\/","title":{"rendered":"Forex Traders Reduce Pressure on the Euro"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>Source: <strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                         Yard<\/strong><\/a><\/strong><\/strong><\/span><\/p>\n<p>The euro continued to climb higher during the European trading  session after Greece agreed to new austerity measures ahead of a bailout  package. This helped to raise investor confidence and spurred buying of  the euro and selling of the dollar.<\/p>\n<p>The EUR\/USD rose to a high of 1.3327 after an opening price of  1.3252. The euro was also higher against the yen as the EUR\/JPY rose to  125.79 after opening the day at 1.2453.<\/p>\n<p>Greece agreed to budget cuts that would amount to $30 billion  following a wage freeze of public workers along with cuts to public  pensions. More austerity measures should be expected should Greece  accept funds from the IMF.<\/p>\n<p>As a bailout package is hashed out between Greece, the EU and the  IMF, the euro could continue to appreciate. Positive comments came from  both the EU and the IMF addressing the necessary size of the bailout  package to soothe market worries. However, should German opposition  parties succeed in delaying an approval of a bailout, the euro may fall  towards its low for the week. The next major support for the EUR\/USD  rests at the 1.3080.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                            Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                            may not be suitable for all investors. There   is  a              possibility      that     you   could sustain a loss   of  all   of    your         investment and      therefore  you       should   not    invest   money  that   you      cannot afford to        lose. You    should    be      aware of   all   the    risks     associated with     Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro continued to climb higher during the European trading session after Greece agreed to new austerity measures ahead of a bailout package. This helped to raise investor confidence and spurred&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8944","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8944"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}