DJ
MARKET TALK: Greek Victory Just a Reason to Sell Euro - Mizuho
Jun 17, 2012 04:24 PM
2018 GMT [Dow Jones]A rallying EUR/USD, last at 1.2710, is just a good excuse to sell the pair, not a sign of more to come, says Fabian Eliasson, head of currency sales at Mizuho in New York. The outcome of the Greek elections may be "a boost in the short-term but the underlying problems of Greek debt remain," says Mr. Eliasson, who expects corporate entities to sell the euro at any rally. The common currency may open higher in New York on Monday but "the upside is limited," he said, because the problems have not been solved. "This is now a second election and we will probably get a coalition government." (
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(END) Dow Jones Newswires
June 17, 2012 16:18 ET (20:18 GMT)2012 Dow Jones & Company, Inc.