4 Jun 2015
EUR/USD reverses and hits fresh lows
FXStreet (Córdoba) - EUR/USD reversed and dropped to fresh daily lows as stocks decline in Wall Street and amid ongoing speculations about the Greek crisis. The latest report suggested that Greece asked to bundle June payments to the International Monetary Fund at the end of the month.
After the first “bundle” reports, the pair rose to 1.1317 but then turned to the downside, losing almost a hundred pips. EUR/USD bottomed at 1.1222, reaching a fresh daily low.
Currently trades at 1.1240, slightly lower for the day and far from today's highs that reached at 1.1378, during the European session.
EUR/USD losing steam
The euro, that rallied 450 pips from Tuesday’s lows is retreating against the US dollar ahead of the NFP report to be release on Friday, and amid Greek negotiations and volatility in the European debt market.
After the first “bundle” reports, the pair rose to 1.1317 but then turned to the downside, losing almost a hundred pips. EUR/USD bottomed at 1.1222, reaching a fresh daily low.
Currently trades at 1.1240, slightly lower for the day and far from today's highs that reached at 1.1378, during the European session.
EUR/USD losing steam
The euro, that rallied 450 pips from Tuesday’s lows is retreating against the US dollar ahead of the NFP report to be release on Friday, and amid Greek negotiations and volatility in the European debt market.