ECB president Trichet leaves for Europe from the RBA 50th anniversary celebration and the market is abuzz that a Greek bail-out is in the works. Olli Rehm the new European economic affairs commissioner offer "support in the broad sense of the word". Looks like we may have a bail-out package. Many are also bailing on the long dollar trade. While volatile, it could be a little early given we do not know what the form of any support will be for Greece.
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