EUR review

ECB president Mario Draghi said over the weekend that it was "pointless to short the Euro". The comment suggests that extreme currency weakness and the need for a more stable Euro in 2015 was a major talking point at last week's G20 and IMF meetings. 

Ahead of the weekend comment, the Euro had climbed to a 9-day against the US dollar following weaker-than-expected US economic reports. Greece could potentially be the most important catalyst for currency fluctuations as investors eye an important Euro Zone meeting on Friday April 24. 

Last week Greek government bonds suffered their worst 5 days since January as several negotiations between Greece and its European lenders failed to unlock new financial aid for the Greek government. A conference call will be held on Wednesday April 22 to discuss the plans Greece is expected to present on Friday.