- Sees positive outcome at next Eurogroup meeting
- Support subject to adoption of already agreed Greek measures
- Any agreement subject to approval of IMF board
In essence, the IMF is saying there is not yet a deal as Greece has yet to adopt the agreed measures…Not so bullish after all.
EUR/USD jumped from 1.4120 to 1.4166 on the first headline but has eased after the IMF said “subject to the adoption” of measures by Greece, which is still very much in doubt…
