1 Jul 2015
EUR/USD off lows as Greek saga continues
FXStreet (Córdoba) - EUR/USD continues to trade below the 1.1100 level amid broad dollar strength and fading optimism of an imminent deal between Greece and its creditors.
Tsipras urges people to vote ‘NO’
Speaking on live TV, Greek prime minister Alexis Tsipras confirmed Sunday’s referendum was still on, and urged people to vote ‘NO’ to get a better deal with creditors. He insisted the vote was not about whether to stay in the euro or not.
EUR/USD dragged by USD strength
The euro however, has developed some kind of resilience to Greek headlines, as most of them are merely unconfirmed rumors, while investors attention turns to Thursday US nonfarm payrolls and Sunday’s Greek referendum.
Most of EUR/USD fall has been driven by dollar strength on Wednesday, with the latest string of US data fueling greenback’s advance across the board.
EUR/USD managed to recover a few pips, in sync with a spike in EUR/CHF, but it was capped by the 1.1110 zone. At time of writing, the pair is trading at 1.1095, 0.40% below its opening price, having printed a low of 1.1058 in recent dealings.
Tsipras urges people to vote ‘NO’
Speaking on live TV, Greek prime minister Alexis Tsipras confirmed Sunday’s referendum was still on, and urged people to vote ‘NO’ to get a better deal with creditors. He insisted the vote was not about whether to stay in the euro or not.
EUR/USD dragged by USD strength
The euro however, has developed some kind of resilience to Greek headlines, as most of them are merely unconfirmed rumors, while investors attention turns to Thursday US nonfarm payrolls and Sunday’s Greek referendum.
Most of EUR/USD fall has been driven by dollar strength on Wednesday, with the latest string of US data fueling greenback’s advance across the board.
EUR/USD managed to recover a few pips, in sync with a spike in EUR/CHF, but it was capped by the 1.1110 zone. At time of writing, the pair is trading at 1.1095, 0.40% below its opening price, having printed a low of 1.1058 in recent dealings.