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1 Jun 2015
EUR/USD: Greek deal rumours - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the common currency is under pressure, once again undermined by uncertainty surrounding Greece and the due payments to the IMF for this June.
Key Quotes:
"During the weekend, news that the country may eased back in its anti-austerity measures were firmly denied by PM Tsipras in an interview with a French newspaper. Local share markets opened in the red, dragging lower US futures ahead of the opening."
"In the fundamental front, European Markit Manufacturing PMIs for May resulted for the most encouraging across the old continent, but German and the EU data missed expectations. Nevertheless, growth in the region remains steady. Inflation in Germany came out at as expected in May, up 0.1% monthly basis."
"There were also some rumors on a Greek deal to be announced later on today, still unconfirmed that triggering an EUR/USD rally up to 1.0945 after the pair fell as low as 1.0890 mid European morning."
"In the US, personal income surged 0.4% in May, but spending remain flat at 0.0% on April, suggesting consumers are not ready to spend and therefore, limiting chances of an economic recovery."
Key Quotes:
"During the weekend, news that the country may eased back in its anti-austerity measures were firmly denied by PM Tsipras in an interview with a French newspaper. Local share markets opened in the red, dragging lower US futures ahead of the opening."
"In the fundamental front, European Markit Manufacturing PMIs for May resulted for the most encouraging across the old continent, but German and the EU data missed expectations. Nevertheless, growth in the region remains steady. Inflation in Germany came out at as expected in May, up 0.1% monthly basis."
"There were also some rumors on a Greek deal to be announced later on today, still unconfirmed that triggering an EUR/USD rally up to 1.0945 after the pair fell as low as 1.0890 mid European morning."
"In the US, personal income surged 0.4% in May, but spending remain flat at 0.0% on April, suggesting consumers are not ready to spend and therefore, limiting chances of an economic recovery."