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Day: June 1, 2015
June 12015
EUR Slides vs. USD, Fares Better vs. Other Majors
The euro slipped against the US dollar today as talks between Greece and its creditors reached a stalemate and an exit of the indebted country from the eurozone does not look impossible as a result. Yet today’s economic data from Europe was good, allowing the currency to pare losses against other majors, like the Great Britain pound and the Japanese yen. Greece is running out of money while it needs to repay â¬305 million […]
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June 12015
EUR/USD Halts Rally Due to Greek Talks Impasse
It looks like EUR/USD has left the recovery mode as the currency pair dropped today, erasing gains of the two previous trading sessions. The major reason for the drop was the stalemate in talks between Greece and its creditors. The deadline for repayment of the Greek debt is nearing, and with it chances for the indebted country to exit the eurozone increase. While some experts argue that such an outcome may be positive for the euro in the long run, […]
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