Day: July 2, 2015

July 2
2015

Euro Rises After Two Sessions of Decline

The euro rose a little today against its major counterparts following two sessions of losses. Traders wait for the Greek referendum during the weekend that may decide the fate of the country and its place in the eurozone. The Greek government scheduled a referendum for July 5, asking citizens to vote whether they accept the austerity measures demand by international institutions. Greek Prime Minister Alexis Tsipras calls for the Greeks to vote ‘no’. Meanwhile, European creditors […]

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July 2
2015

Dollar Softens After Employment Reports Disappoint

The US dollar fell against the euro and erased its previous gains versus the Great Britain pound and the Japanese yen after poor US employment data led to speculations that the Federal Reserve may delay monetary tightening. Non-farm payrolls released today were rather disappointing with employment growth missing expectations and wage inflation staying near zero. The only positive part of the report was the bigger-than-expected drop of the unemployment rate. […]

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July 2
2015

EUR/USD Bounces After Two-Day Decline

EUR/USD bounced today, following two days of losses, as economic news from the United States (particularly nonfarm payrolls) was mostly disappointing. This may prompt the Federal Reserve to postpone the planned interest rate, and such prospects are negative for the dollar. Still, it will be hard for the euro to keep gains as tensions surrounding the situation in Greece intensify. Nonfarm payrolls rose by 223k in June. It was not a bad figure […]

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