EUR/USD: The ECB boosted emergency funding to Greek banks

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.70% against the USD and closed at 1.0880. Yesterday, the ECB increased its emergency lending to the Greek bank by €900 million over one week. The decision came … Continue reading

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EUR/USD: The Greek Parliament voted “Yes” on bailout bill

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.51% against the USD and closed at 1.0957. Yesterday, the Greek Parliament approved the new bailout package of €86 billion, coming with tough austerity measures demanded by its … Continue reading

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EUR/USD: Euro reverses its gains in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR traded a tad higher against the USD and closed at 1.1013. Yesterday, economic data showed that Germany’s ZEW economic sentiment index eased to a level of 29.7 in July, … Continue reading

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EUR/USD: Greece agreed to bailout deal

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 1.01% against the USD and closed at 1.1007, despite Greece reaching its bailout deal. Yesterday, Greece clinched a deal with its creditors on a third bailout package approximately … Continue reading

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EUR/USD: Euro trading lower in the Asian session

EURUSD Movement On Friday, the EUR rose 0.66% against the USD and closed at 1.1144, as possibility of the “Grexit” was reduced, after the Greek government had submitted fresh set of proposals to its lenders to strike a bail-out deal … Continue reading

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EUR/USD: Euro trading higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.06% against the USD and closed at 1.1071. Yesterday, the Greek government presented new economic reform proposals to its creditors in order to secure a new bailout package, … Continue reading

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EUR/USD: Euro trading a tad lower in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.68% against the USD and closed at 1.1077, reversing its previous session losses. The greenback lost ground, after the Fed minutes from its latest monetary policy meeting did … Continue reading

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EUR/USD: The Euro-zone gave final chance to save Greece

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.48% against the USD and closed at 1.1002. Data released showed that the seasonally adjusted industrial production in Germany remained flat on a MoM basis, less than market … Continue reading

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EUR/USD: Euro trading lower in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.1056, as uncertainty remained over Greece’s future in the Euro-zone. Yesterday, the German Chancellor, Angela Merkel as well as the French … Continue reading

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EUR/USD: Greece voted “NO”, rejects the creditor’s bailout offer

EURUSD Movement On Friday, the EUR rose 0.17% against the USD and closed at 1.1107, In economic news, Germany’s final services PMI edged up to a level of 53.80 in June, compared to a level of 53.0 in the previous … Continue reading

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EUR/USD: Euro trading marginally higher ahead of the Euro-zone’s services PMI data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.1089. In economic news, the Euro-zone’s producer price index remained flat on a monthly basis in May, compared to a fall … Continue reading

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