Day: June 11, 2015

EUR/USD Halts Rally Quickly

As was expected, the rally of EUR/USD has been short-lived as the currency pair dropped on Thursday. US economic data was mostly positive, especially the impressive growth of retail sales. Meanwhile, Greece remains a major negative factor for the euro, making the 19-nation currency soft compared to the US dollar. Retail sales rose 1.2% in May, in line with expectation of a 1.1% increase. The previous month’s reading was revised from no change to 0.2% […]