EUR/USD dragging lower as market sentiment deteriorates again

Market sentiment is once more under pressure into the new week as talks between Greece and its creditors have again failed to come to any resolution. Although the rhetoric from Greek finance minister Varoufakis remains confident, time as per usual is running out for a deal. The next real opportunity for a deal is Thursday with the Eurogroup meeting. Read More click here

Markets are digesting the news and the initial assessment is fairly negative. The European indices are trading lower in a continuation of the weakness of Wall Street into the close on Friday and also declines across Asia overnight.