EUR/USD 02.13.12

[CharlesBaker]

The Greece situation and the declines in Wall Street helped the USD to correct against the Euro after few weeks of weakening. If the stocks continue the bearish momentum from Friday, the USD might make a significant correction towards 1.30. However, good news from Greece will probably send the stock markets up and lift the Euro to new highs. Likewise, the investors will look forward to the FOMC meeting minutes on Wednesday and to Bernanke's speech on Thursday.