The euro finished Tuesday’s North American session up 2.2% against the dollar, its best one-day performance since March 18.The euro EURUSD, +0.0807% surged to $1.1164, up from $1.0932 Monday, on reports that Athens’ creditors have reached a consensus on the terms of a proposed deal that would release bailout funding for Greece. A stronger-than-expected reading on eurozone consumer-price inflation also helped boosted the shared currency. Core inflation rose to 0.9% in May, from a record-low 0.6% in April. At one point, the shared currency neared $1.12 against the dollar.
In other currency pairs, the dollar briefly broke above USDJPY, -0.10% ¥125.07 in the morning, its highest level since December 2002, before softening to ¥124.06. It traded around ¥124.80 late Monday in New York.
The British pound GBPUSD, +0.0521% bounced back to $1.5345, up from $1.5201 Monday.
The ICE U.S. Dollar Index DXY, -0.10% a measure of the dollar’s strength against a basket of six rival currencies, was down 1.6% to 95.8150.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment