The Traderszone Network

Published in TZ Latest News 12 July, 2015 by The TZ Newswire Staff

Euro slips, bonds bid as Greece drama drags on

The euro slipped in Asia on Monday while top-rated bonds caught a safe-haven bid as the Greek debt crisis seemed set to rumble on for yet another week while a key reading on economic growth loomed for Chinese markets. Indeed, Japan’s Nikkei (.N225) managed to bounce 0.8 percent, while MSCI’s index of Asia-Pacific shares outside Japan was just a fraction lower. Aiding the euro were rumors the European Central Bank had agreed to delay a Greek repayment of 3.5 billion euros that had been due on July 20.