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  • North American Edition2015-04-21 11:23 UTC

    EUR-USD tumbled on news about the ECB, which is apparently considering curbing Greek ELA if Athens fails to deliver on reforms. The euro lost over 60 pips against the dollar since London opening levels, making a low of 1.0657. EUR-JPY concurrently fell below its Monday low, making a six-day nadir of 127.45. German ZEW investor sentiment also missed expectations, which prompted a wave of euro selling, though this petered out and EUR-USD's earlier low ... Read More 

  • European Edition2015-04-21 05:03 UTC

    EUR-USD has traded moderately lower over the last day, partly on general dollar strength and partly on euro underperformance (EUR-JPY and other euro crosses are lower). The low was 1.0712, and this and 1.0700 mark nearer-term support levels. Resistance is marked at 1.0751 and 1.0782 (20-day moving average). The focus remains on next Greece-versus-Eurozone policymaker showdown, which will be staged at Friday's Eurogroup meeting, with odds for a Grexit ... Read More 

  • Asian Edition2015-04-20 19:08 UTC

    FX trade was relatively quiet in N.Y. on Monday, with the dollar meandering largely inside of narrow ranges. There was no data to drive prices, though a rebound on Wall Street following Friday's steep sell-off largely helped USD sentiment. EUR-USD traded about a 50-point range just over 1.0710, as USD-JPY rallied from just under 119.00 to highs over 119.40. USD-CAD traded above last week's lowest levels, though gains were limited by firmer oil prices. Read More 

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