Successful Greek debt buyback seen says Commerzbank which is why the EUR is unlikely to get much of a boost from it once the results are known. "So far there does not seem to be any major concern about the success of the bond buyback. Hints on a positive result [are] therefore unlikely to support the euro in a major way," Commerzbank says. Should the intended reduction in national debt by 11 percentage points of GDP be missed by a margin that is unlikely to affect the implementation of the agreed aid measures, it adds. EUR/USD is at 1.2938.
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