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EUR/USD2015-07-01 16:27 UTC
EUR-USD fell to a new two-day low at 1.1058, trading lower despite news that Greece's Tsipras will accept most of the creditor demands. Germany's Merkel saying that thee will be no more negotiations until after Sunday's referendum. Much of EUR-USD's decline was driven buy a broader dollar advance following a set of firm U.S. data, and on expectations that Thursday's U.S. employment report will help firm up expectations for a September Fed ... Read More ►
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North American Edition2015-07-01 11:15 UTC
The euro popped higher on news that Greek PM Tsipras is prepared to accept bailout conditions, but subsequently gave back most of those gains, leaving EUR-USD near net unchanged in the low 1.11s. The forex market seem more wary than stock markets, as the pan-Europe STOXX 600 equity index was showing a 1.6% gain in the early PM session. German Finance Minister Schaeuble still took tough line on Greece, saying the letter from Tsipras that accepted most of ... Read More ►
European Edition2015-07-01 06:57 UTC
EUR-USD has come under pressure in early Europe trade, dipping to 1.1122, though still shy of the 1.1112 low seen yesterday. Greece defaulted on its IMF repayment and markets will remain on tenterhooks as policymaker wranglings continue. French finance minister Sapin said that the goal is achieve a Greek accord before Sunday's referendum "if possible," but most won't believe it until they see it. There are also expectations for a decent U.S. payrolls ... Read More ►
Asian Edition2015-07-01 16:27 UTC
The dollar extended gains on firm U.S. data today, especially with the ADP payrolls data portends upside risk at tomorrow's employment report. EUR-USD fell to a new two-day low at 1.1058, and USD-CAD to a 10-week high at 1.2570. USD-JPY clocked a two-day high at 123.14. EUR-USD traded lower despite news that Greece's Tsipras will accept most of the creditor demands, with Germany's Merkel saying that thee will be no more negotiations until after Sunday's ... Read More ►
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