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Greek election fails to weaken EUR - ANZ

FXStreet (Guatemala) - Brian Martin, analyst at Australia and New Zealand Banking Group Limited noted that Greece faces a snap general election – probably on January 25.

Key Quotes:

“Fears of victory for the anti-austerity Syriza Party sent domestic markets sharply lower and markets will be sensitive going forward to opinion polls".

"The euro ignored the news, as did peripheral bond markets in the main, reflecting how the euro area’s problems have been de-risked".

EUR/USD fails to hold above 1.2200

EUR/USD came under mild pressure and fell to the lower side of today’s range during the American session amid lack of interest and low volume.
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