Here's what's on the agenda for the Eurogroup today

FXStreet (London) - As Europgroup policymakers meet behind closed doors, here's what's on the agenda:

"The Eurogroup will continue the discussion on the situation in Greece, considering the upcoming expiry of Greece's current economic adjustment programme.

The ministers will also discuss the economic situation in the euro area and will look into the European Commission's winter forecast, which was published on 5 February 2015.

They will also discuss Portugal's plans for early repayment of a part of the financial assistance received from the International Monetary Fund.

There will also be a discussion on the state of play regarding the ongoing economic adjustment programme in Cyprus.

The Eurogroup will also be briefed on the results of the informal EU summit held on 12 February 2015, in particular regarding the discussion on the Economic and Monetary Union."

USD/CHF oscillates around 200-day SMA

USD/CHF continues to hover around its 200-day SMA, unable to set a short-term direction as the pair goes through a phase of consolidation while all the attention is being absorbed by the Eurogroup-Greece negotiations.
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