Euro zone finance ministers' meeting continues
Press conference scheduled for 2300 GMT
Schaeuble: Today we are aiming to finalize a decision
Juncker: We have to conclude today
de Jager: Can't approve bailout until Greece meets all obligations
Venizelos: We are ready to conclude deal and initiate PSI
Further demands made on private sector
Escrow account for Greece back on the table
IMF insisting on 120% Greek debt-to-GDP target
Troika analysis currently sees debt-to-GDP at 129% by 2020
Ministers juggling bailout terms in attempt to close debt-to-GDP gap
YLE: Greece and Finland sign deal to cover bailout collateral
Belgian consumer confidence falls to nearly 3-year low
ECB bought no bonds last week for first time since Aug
Italy's Dec budget surplus revised lower
Italian 10-year yields fall to lowest since Oct
US markets closed for holiday
It was all about the Eurogroup meeting today as the euro ebb and flow was dictated by pronouncements and leaks. Schaeuble's optmistic comments sparked a rally to 1.3276 but it was beaten back down by less-rosy developments including the IMF insistance on 120% and talk of a further haircut. A quick spike lower to 1.3229 hit some stops but the pair has recovered back to 1.3240.
Ranges elsewhere were tight and grew tighter as the day wore on. Risk trades performed well but it was all about the Chinese reserve ratio cut rather than Greece.
CHF and NZD were the top performers while USD and JPY lagged.
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