XE Market Analysis: North America – Jun 30, 2015

EUR-USD found a footing under 1.1150 after a fleeting foray below here earlier. The euro is now settled around 1.1160, still well off yesterday’s New York closing bid level at 1.1235. A bout of EUR-JPY selling had earlier weighed on EUR-USD. There remains a lack of commitment in the euro market as participants wait for what looks set to be the finale of the Greek saga with regard to its membership of the euro. Elsewhere, USD-JPY clocked a one-month low at 121.93, subsequently recovering to the 122.40 area. USD-CAD back off after testing last Wednesday’s three-week peak at 1.2423 today.

Tags:, ,