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EUR/USD2015-04-24 18:58 UTC

EUR-USD fell back into London opening levels, touching 1.0805 lows in early trade. The 1.0800 mark provided support, and stops noted under the overnight low of 1.0785 seen in Asia remained out of reach. Overall, trade i=was relatively light, and the euro eventually bounced over 1.0860 after the London close. The Greek crisis remains in limbo after the no-progress Eurogroup meeting, where it appeas the issue will be kicked down the road ... Read More 

XE Market Analysis

  • North American Edition2015-04-24 11:08 UTC

    A whipsaw in the euro was the main event during the European AM session. EUR-USD U-turned lower from a 17-day high on Greece news that it took a "hammering" at the Eurogroup meeting in Riga, which postponed any decision on Greece until the May meeting. Markets had been wrong to believe in the optimism that Greek officials expressed yesterday. EUR-USD tumbled to the 1.0820 area after earlier touching a high of 1.0900 following an above forecast Germna Ifo ... Read More 

  • European Edition2015-04-24 06:29 UTC

    EUR-USD settled around 1.0800 after pushing to a peak at 1.0845 on Thursday, which fell 3 pips short of last Friday's peak. Encouraging talk from Greek officials regarding prospects for a deal by the end of April helped give the euro a lift yesterday, but this optimism isn't being shared by creditors. Focus today will be on the Eurogroup meeting, though no one is expecting any breakthrough in negotiations. USD-JPY has sunk back to the mid-119s after ... Read More 

  • Asian Edition2015-04-24 18:58 UTC

    The dollar was mixed in N.Y. trade on Friday, losing ground to the yen and pound, while rallying versus the CAD, and staying choppy against the euro. Uncertainty over the Greece crisis outcome has been pushed back again, as no agreement was reached at the latest Eurogroup meeting. EUR-USD as a result was rather rudderless on Friday, meandering between 1.0805 and 1.0879 through the session. Disappointing durable goods data and softer yields did the dollar ... Read More 

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