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‘There are still a lot of days in the week in which decisions can be taken’ – warns Merkel

FXStreet (Mumbai) - Amid a dozens of Greece headlines, German Chancellor Angela Merkel was also quoted saying on Monday that it might take a few more days to reach a Greek agreement.

Speaking to reporters ahead of Monday's crucial euro zone leaders’ summit, Merkel warned that EU leaders can’t take any decisions at the emergency summit on Monday night unless they have a decision from Greece’s creditors.

"There are still a lot of days in the week in which decisions can be taken," the chancellor told reporters.

EUR/JPY hits fresh highs above 140

EUR/JPY gathered further upside momentum and climbed to a new three day high ahead of 140 handle during the European session, largely on the back of broad yen weakness amid increased hopes for a Greek deal to be struck at the Euro group meeting today.
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EUR/USD in red as Greek hopes fade

The single currency keeps losing ground vs. the greenback on Monday, with EUR/USD navigating the 1.1335/30 band...
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