Articles by Pablo Soria de Lachica

Pablo Soria de Lachica - Predicts Further Impact On Forex Trading Due To Negotiations With Greece

Pablo Soria de Lachica – Predicts Further Impact On Forex Trading Due To Negotiations With Greece

MEXICO CITY, MEXICO – With Greece missing its 1.5 billion euro loan repayment in the recent weeks, Forex trading has been seeing an impact. Tensions are high with all sides wondering whether the International Monetary Fund will grant a loan restructuring to the troubled country, a question that has resulted in the euro losing nearly 1% in the course of less than a week (source: http://www.reuters.com/article/2015/07/01/markets-forex-idUSL3N0ZH1JQ2015070). Pablo Soria de Lachica has weighed in on the negotiations and predicts additional Forex effects within the short-term. “Much of this hinges on the willingness of the IMF to negotiate and restructure the Greek debt,” said Pablo Soria de Lachica. “Needless to say, the impact of Greece leaving the European Union will bring about a domino effect across all Forex markets and currencies. The extent is unpredictable at this time, but we are watching developments…