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EUR/USD2015-07-02 07:12 UTC

EUR-USD edged out a three-day low of 1.1032 in the early Asia-Pacific session, subsequently recouping above 1.1050, near net unchanged from yesterday's New York closing level. Today's U.S. jobs report is expected to be dollar positive, which should maintain the downside bias of EUR-USD, though the Greece wildcard is likely to deter speculative accounts from running open exposures into Sunday's referendum. Greek PM Tsipras sees the vote as a ... Read More 

XE Market Analysis

  • 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 Edition2015-07-02 07:12 UTC

    The dollar has remained firm in subdued low-volume trade ahead of today's U.S. employment report and Sunday's referendum in Greece. U.S. data so far this week has been net positive for the dollar, and the ADP private payrolls and jobs component of the ISM reports signal upside risk at today's June employment report (we have upwardly revised our forecast to 230k from 220k). EUR-USD edged out a three-day low of 1.1032 in the early Asia-Pacific session, ... 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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