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Day: June 29, 2015
June 292015
Euro Bounces During Monday’s Volatile Trading
The euro demonstrated a surprise performance during Monday’s trading. The currency sank initially due to the worries about the Greek debt drama, yet the losses were short-lived and for some reason the euro bounced strongly after the initial drop. As was expected, the start of the week was highly volatile. It is hard to say why the shared eurozone currency rallied as news was not helpful at all. Greece threatened to go to the European Court of Justice […]
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June 292015
Swiss Franc Recovers Despite Actions of SNB
The Swiss franc gained today against the US dollar and the euro as the risk-negative sentiment on the Forex market drove investors to the safety of the Swiss currency. Initially, the Swissie traded lower versus the greenback due the intervention from the central bank. Thomas Jordan, Chairman of the Swiss National Bankâs governing board, announced that the SNB intervened in the market to stabilize the franc, which attracted speculators due to the perceived safety of the currency. The Swissie is usually in demand in times […]
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June 292015
Mexican Peso Suffers from Risk Aversion Caused by Greece
The Mexican peso fell against the US dollar today as the debt crisis in Greece made traders unwilling to buy riskier currencies of emerging economies. The currency bounced from the daily low as of now but is still trading below the opening level. Greece shocked everyone last week, announcing a referendum about the austerity measures proposed by the International Monetary Fund and the European Union. The voting is scheduled for July 5, meaning that the country […]
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June 292015
EUR/USD Recovers After Sharp Drop
EUR/USD dropped sharply after the start of the current trading session as the uncertainty surrounding the situation with Greece and its future in the eurozone caused investors to flee European assets. Yet the euro bounced against the dollar afterwards and is trading near the opening level currently. Pending home sales were up 0.9% in May, though market participants were hoping for a bigger increase by 1.3%. The April’s gain was revised from 3.4% down […]
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