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Merkel Insists On IMF Role In Any Greece Bailout

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G10 Advancers and Decliners vs USD
CHF 0.19
EUR 0.07
GBP -0.03
JPY -0.52
Compared to the fireworks of yesterday and EURUSD’s fresh lows in Asia at 1.3284, today’s European and US session has been more subdued for the majors; with EURUSD taking the opportunity to consolidate between 1.3300 and 1.3370 without looking that likely to threaten fresh lows. Eurozone M3 growth in February contracted -0.4% YoY, more than the -0.1% expected and a disappointing dip after last…

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