TheÂ past trading week was dominated byÂ theÂ debt problems ofÂ Greece andÂ attempts toÂ find aÂ solution that would be acceptable both forÂ theÂ indebted country andÂ forÂ its creditors. Yet no agreement has been reached, andÂ with theÂ June 30 deadline looming close, traders preferred toÂ get rid ofÂ theÂ euro, leading toÂ aÂ weekly drop ofÂ theÂ currency.(...)Read the rest of Euro Ends Week with Losses, Next Week...
TheÂ euro ended Friday lower asÂ theÂ short-term proposal toÂ Greece from its international creditors was rejected, leaving just aÂ few days toÂ find aÂ solution toÂ theÂ Greek debt woes before theÂ troubled country runs out ofÂ money.(...)Read the rest of Euro Ends Friday Lower as Greece Rejects Proposal (108 words) Posted on Forex News.
The euro has done surprisingly well against the dollar throughout all of the Greek drama, rallying towards 1.14 on a number of occasions but failing to keep the momentum above here. It's possible that the Greek debacle has actually acted as a distraction to the Federal Reserve and rate hike timing as it's seen by many as a bigger risk event, which enabled EURUSD to maintain these higher levels. Once this passes though we could see attention switch immediately back to the U.S. which could...
With no bailout forÂ Greece yet, theÂ euro move aÂ bit lower against theÂ Great Britain pound andÂ theÂ Japanese yen, though it was little changed against theÂ US dollar. Hope remains, but deadline is almost atÂ theÂ door.(...)Read the rest of Not Bailout for Greece Yet â€” Euro Vulnerable (173 words) Posted on Forex News.
TheÂ US dollar was flat against theÂ euro andÂ fell against such majors asÂ theÂ Great Britain pound andÂ theÂ Japanese yen during Thursdayâ€™s trading. Economic data from theÂ United States was mixed, giving theÂ currency no edge one way orÂ theÂ other.(...)Read the rest of Dollar Soft After US Data & Greek Talks (122 words) Posted on Forex News.
TheÂ Swiss franc slid against theÂ US dollar andÂ theÂ euro today after theÂ comments ofÂ theÂ central bankâ€™s chief, who complained about theÂ strength ofÂ theÂ currency andÂ said that theÂ central bank may intervene toÂ bring theÂ exchange rate down.(...)Read the rest of Comments of SNB Chief Send Swiss Franc Lower (99 words) Posted on Forex News.
Investors keeping tabs on intraday price moves EUR emerges again as a funding currency Euro leads want a Greek conclusion by tonight Germany losing economic momentum If nothing else, investors would be hard pressed not to find the current trading environment a challenge. Only weeks ago central banks forewarned investors about heightened market volatility and they have been true to their word. Market ranges may be contained, but the intraday price movements among the various asset classes...
TheÂ euro rallied onÂ Wednesday but was under heavy pressure from concerns about Greece andÂ its debt issues. TheÂ country desperately needs toÂ secure aÂ bailout before money runs out, but so far no progress has been made inÂ negotiations.(...)Read the rest of Euro Rallies, Remains Under Heavy Pressure From Greek Woes (98 words) Posted on Forex News.
TheÂ US dollar was mixed during theÂ Wednesdayâ€™s trading session. TheÂ currency fell versus theÂ euro, gained onÂ theÂ Great Britain pound andÂ was flat against theÂ Japanese yen.(...)Read the rest of Greenback Mixed During Wednesdayâ€™s Trading (108 words) Posted on Forex News.
TheÂ Great Britain pound gained onÂ theÂ US dollar andÂ was little changed against theÂ euro today. Moves were limited asÂ traders waited forÂ data from theÂ United States andÂ theÂ resolution ofÂ theÂ Greek situation.(...)Read the rest of Pound Gains on Dollar Ahead of US GDP Report (67 words) Posted on Forex News.