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Message: [QUOTE="Vistabrokers, post: 86140, member: 32993"] [b]Vista Brokers: Greece and Fed Rate Hike Are in Central Focus[/b] [img]http://s017.radikal.ru/i441/1507/59/fcc5a1848635.jpg[/img] On Wednesday, EUR / USD was traded in a wide range. Vista Brokers analysts note that main subjects that move the market are still the Greek crisis and the Federal Reserve interest rate hike. Yesterday, the European authorities have given Greece a period until Thursday to provide a new proposal to creditors. Athens hope to agree on a program of financial assistance from the European Stability Mechanism, the bailout fund of the euro zone. If no agreement is reached, the EU leaders will gather on Sunday at an unscheduled summit in Brussels to discuss the procedure and consequences of a Greek exit from the currency union. The new Greek finance minister Euclid Tsakalatos said that a new proposal for the creditors is ready - it includes tax and pension reform, as well as debt relief. During the US trading session on Wednesday the minutes of the last FOMC meeting were published. They showed that members of the Committee have expressed concerns that the situation in Greece will affect the financial markets, as well as were talking about the fact that the growth of the US economy should be more stable, and inflation - closer to the target of 2% before the rate hike. Thus, there are doubts that the Fed will raise the rate in September - investors will closely monitor the statistics published in the United States. [/QUOTE]

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