9 Mar 2015
Session Recap: USD trimming gains; focus on Greece
FXStreet (Edinburgh) - The US dollar is shedding part of its recent strong gains following the stellar report from the US Payrolls during February, with the economy adding 295K jobs vs. 240K previously estimated.
The current knee-jerk in the greenback is allowing a rebound in the risk-associated universe, with the EUR recovering some pips to the vicinity of 1.0900 the figure. The sterling is following suit around the 1.5100 handle after bottoming out around the 1.5030 area post-Payrolls and the Japanese yen is depreciating to the 121.00 neighbourhood vs. the dollar.
Greece seems to be returning to the driver’s seat, with today’s Eurogroup meeting taking centre stage, against the backdrop of increasing scepticism and rumours on a call for snap elections. European Commission Head J.C.Juncker and Greek PM A.Tsipras will meet on Friday. The euro remains apathetic so far, trading in the 1.0850/60 vs. the US dollar.
The current knee-jerk in the greenback is allowing a rebound in the risk-associated universe, with the EUR recovering some pips to the vicinity of 1.0900 the figure. The sterling is following suit around the 1.5100 handle after bottoming out around the 1.5030 area post-Payrolls and the Japanese yen is depreciating to the 121.00 neighbourhood vs. the dollar.
Greece seems to be returning to the driver’s seat, with today’s Eurogroup meeting taking centre stage, against the backdrop of increasing scepticism and rumours on a call for snap elections. European Commission Head J.C.Juncker and Greek PM A.Tsipras will meet on Friday. The euro remains apathetic so far, trading in the 1.0850/60 vs. the US dollar.