Day: June 25, 2015

June 25
2015

No Bailout for Greece Yet — Euro Vulnerable

With no bailout for Greece yet, the euro moved a bit lower against the Great Britain pound and the Japanese yen, though it was little changed against the US dollar. Hope remains, but deadline is almost at the door. Talks between Greece and its three main creditors — the International Monetary Fund, the European Central Bank and the European Union — yet again ended without a satisfying conclusion. It looks like some […]

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June 25
2015

Dollar Soft After US Data & Greek Talks

The US dollar was flat against the euro and fell against such majors as the Great Britain pound and the Japanese yen during Thursday’s trading. Economic data from the United States was mixed, giving the currency no edge one way or the other. US jobless claims were relatively stable last week, and this can be considered a good sign. Growth of personal income and spending is another positive news. As for the bad […]

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June 25
2015

Comments of SNB Chief Send Swiss Franc Lower

The Swiss franc slid against the US dollar and the euro today after the comments of the central bank’s chief, who complained about the strength of the currency and said that the central bank may intervene to bring the exchange rate down. Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, said today the troubles of the global economy and the resulting European debt crisis attracted speculators to the safety of the franc: The current strength of the Swiss franc is a reflection […]

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June 25
2015

Pound Steady vs. Dollar, Lower vs. Yen After Retail Sales Survey

The Great Britain pound was little changed against the US dollar and fell versus the Japanese yen today as data showed that retail sales slowed in the United Kingdom this month. Confederation of British Industry reported that the balance of retail sales was at plus 29 percent in June, down from 51 in May. Economists remain optimistic, though, as summer is the season when sales usually pick up. The sterling held […]

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June 25
2015

Uncertainty About Greek Bailout Results in Volatile Trading for EUR/USD

Trading was volatile today as traders focused their attention on the negotiations between Greece and its creditors. There were conflicting rumors about the outcome of the talks, giving no clear edge either to the dollar, or to the euro. As a result, EUR/USD currently trades near the opening level. Initial jobless claims rose a little from 268k to 271k last week, matching forecasts exactly. (Event A on the chart.) Personal income demonstrated an increase by 0.5% in May, […]

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