XE Market Analysis: Asia – Jun 29, 2015

The euro rose in thin post-Europe trade despite today having been a tumultuous one in European equity and bond markets. The Stoxx Europe 600 closed 2.7% for the worse, the biggest daily loss this year. The Greek two-year yield rose to 34.4% after a 14 percentage points gain today, while the 10-year yield climbed above 15% for the first time since 2012. EUR-USD, however, managed to more than recover the sharp losses that were seen first thing in Asia-Pacific, presently settled about 20 pips off the days high at 1.1278. EUR-JPY and other euro crosses are also up.

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