12 May 2015
Greece gives EUR a lift for once - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the common currency enjoyed some strong demand following the European opening.
Key Quotes:
"Local investors got hit by news that Greece Finance Minister Yanis Varoufakis ordered the €750M due transfer to the IMF, late Monday."
"The EUR/USD pair surged to a daily high of 1.1278, and, despite the dollar remained broadly lower across the board, it slowly gave back ground amid market talks that Greece has roughly €90M cash left, and will be in trouble by the ends of May, as that won't be enough to pay salaries."
"The dollar´s weakness was supported by an employment report released around Wall Street opening, showing that the number of job openings fell from a 14-year high in March, while the number of Americans getting hired and leaving jobs increased."
"Later on in the American afternoon, FED's Williams, an usual dove, pleaded for hiking interest rates "a bit earlier," giving the greenback additional support against its European rival."
Key Quotes:
"Local investors got hit by news that Greece Finance Minister Yanis Varoufakis ordered the €750M due transfer to the IMF, late Monday."
"The EUR/USD pair surged to a daily high of 1.1278, and, despite the dollar remained broadly lower across the board, it slowly gave back ground amid market talks that Greece has roughly €90M cash left, and will be in trouble by the ends of May, as that won't be enough to pay salaries."
"The dollar´s weakness was supported by an employment report released around Wall Street opening, showing that the number of job openings fell from a 14-year high in March, while the number of Americans getting hired and leaving jobs increased."
"Later on in the American afternoon, FED's Williams, an usual dove, pleaded for hiking interest rates "a bit earlier," giving the greenback additional support against its European rival."