With the real likely possibility that the EU finance ministers will offer a new round of financing for Greece it seems that the Greek negotiations continue amid a series of rumours that a resolution is close to being agreed, but still nothing official.
This leaves the euro and a week long high against the US$ and the Yen with this announcement making European assets look attractive to buyers.
So if you need to go the asset rout then to transfer money from SA or other countries into the euro zone could be attractive.
The ECB will probably leave interest rates on hold at 1% but the comments from the Chairman Draghi will be closely watched for any hints of a rate cut, together with the commitment to bond purchases and long-term repo operations. There were no major U.S economic data releases through the course of the day, maintaining the focus on Fed comments about further quantitative easing.
