Wednesday, July 8, 2015

Forex Market Update : Epic Research Singapore

The euro trimmed losses in afternoon trade Tuesday, jumping back above $1.10 as eurozone leaders weighed proposals that would provide Greece with emergency financing.

The shared currency EURUSD, -0.0727%  recently traded around $1.1011, down 0.4% on the day. It traded around $1.1056 late Monday in New York.

Greece is due to repay €3.5 billion ($3.85 billion) to the European Central Bank on July 20.

Investors are now looking ahead to the minutes from the Federal Reserve’s June meeting, which are set to be released on Wednesday.

The British pound weakened 0.9% against the dollar GBPUSD, -0.1552% to $1.5463. It traded at $1.5603 on Monday.

The dollar USDJPY, -0.31%  was virtually flat against the yen at 122.60.

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