News Headline Summary

Germany's finance minister Schaeuble says there is no agreement among euro zone finance ministers on Greece, we will meet again on Monday

- Luxembourg finance minister says no Greece decision tonight, will continue Monday.

Update details:

- This announcement has prompted a risk off move across asset classes.
- Ministers had extended discussions on potential options for Greece but reached no agreement, deciding to instead kick the can down the road once again.
- Finance ministers expect to reach an agreement at their next meeting on Monday 26th November.

Reaction details:

- EUR/USD fell 33pips from 1.2818 to 1.2785 following this headline.
- We have now moved lower by 47 pips in EUR/USD since the German finance minister's comment.
- USD index moves to fresh session highs +0.23%.

Print 03:34, 21 Nov 2012 - Asian News - Source: Newswires