7 May 2015
EUR/USD extends pullback to fresh daily lows
FXStreet (Córdoba) - EUR/USD fell further at the beginning of the American session and made fresh daily lows as the greenback recovers ground, underpinned by upbeat US initial jobless claims data.
EUR/USD has lost more than 150 pips during the last hours, after being rejected from a 10-week high of 1.1391. The pair had rallied over the past few sessions, mainly driven by dollar weakness amid disappointing economic data.
Meanwhile, media reports suggesting a Greek deal is unlikely for Monday has also weighed on the shared currency.
At time of writing, the pair is trading at 1.1265, 0.71% below its opening price, having scored a daily low of 1.1236 in recent dealings.
EUR/USD has lost more than 150 pips during the last hours, after being rejected from a 10-week high of 1.1391. The pair had rallied over the past few sessions, mainly driven by dollar weakness amid disappointing economic data.
Meanwhile, media reports suggesting a Greek deal is unlikely for Monday has also weighed on the shared currency.
At time of writing, the pair is trading at 1.1265, 0.71% below its opening price, having scored a daily low of 1.1236 in recent dealings.