The crucial meeting of European finance ministers, addressing the fate of Greece within the eurozone, began in Brussels on Wednesday, and there seems to be a certain degree of confidence about reaching an accord. However, according to a Greek government representative, Athens doesn't appear ready to soften its tone and is demanding different terms from the previous program. Discussions are slated to continue until Friday. It will be interesting to see what the euro does, given that it is already at its lowest level in five years against the U.S. greenback.
In Washington, President Barack Obama asked Congress to formally authorize the use of military force in the war against ISIS for a period of three years. The President's goals remain unclear, as he plans on using the special forces without "enduring offensive ground combat operations." In other political news, after a long night of negotiations, the leaders of Germany, France, Ukraine and Russia agreed to a ceasefire agreement regarding Ukraine. With all these events, investors will continue to keep an eye on the evolving geopolitical situation. Have a good day!
Julien Duquette
Range of the day: 1.2520 - 1.2650