Euro: No Bailout? Ruh-roh...

Ok it’s official, EUR/USD is trading based on Greece and that’s about it today. It’s been slammed now that a bailout might not happen. So then now what happens if, on Thursday, a bailout is announced? There’s a pretty high probability that a bailout is coming, it’s just the shape or form which is up for debate, in our view. Yet EUR/USD didn’t seem too concerned with knowing what the shape or form of today’s rumoured bailout would have been… it simply wanted a bailout, any bailout. Badly.

Chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.