EUR/USD: Lagarde says Grexit is possible – FXStreet

FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet noted that EUR/USD traded marginally higher this Thursday.

Key Quotes:

“Advancing up to the 1.0950 region and ending the day nearby, despite intraday selling interest have surged repeatedly around the level. In the news front, the calendar in Europe was light, with the attention centered once in Greece.”

‘As the hours went by with no news on the alleged deal, investors dropped the common currency sending the pair down to 1.0866, from where it recovered after mixed US data showed that weekly unemployment claims resulted worse-than-expected printing 282K in the week ending May 22nd, and US Pending Home Sales climbed to its highest since May 2006.”

“Later in the American afternoon, IMF’s Lagarde said that a Grexit is possibility, whilst an EU official warned there will be no deal this week, considering the strong disagreements on pensions and sales tax. Nevertheless, the dollar remained subdued as investors took some profits out of the table ahead of Friday’s GDP second release, expected with a strong downward revision for the Q1.”

Valeria Bednarik, chief analyst at FXStreet noted that EUR/USD traded marginally higher this Thursday.

(Market News Provided by FXstreet)