11 May 2015
Dollar mixed on mixed fundamental themes - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the American dollar started the day with a firm tone, following a surprise rate cut coming from China during the weekend.
Key Quotes:
"Although the greenback ended the day mixed, after a weaker-than-expected employment index in the US sent it lower around the US opening."
"In the European session, the EUR came under pressure as Greece debt negotiations within the Eurogroup meeting, was anticipated to end without a deal achieved."
"Later on in the day, Eurogroup chairman Jeroen Dijsselbloem said that Greece could get partial disbursements in exchange for partial implementation of measures, but after three months of negotiations, the news did little to help the common currency. Also, Greece has already ordered the repayment of €750m in IMF loans a day before they were due."
Key Quotes:
"Although the greenback ended the day mixed, after a weaker-than-expected employment index in the US sent it lower around the US opening."
"In the European session, the EUR came under pressure as Greece debt negotiations within the Eurogroup meeting, was anticipated to end without a deal achieved."
"Later on in the day, Eurogroup chairman Jeroen Dijsselbloem said that Greece could get partial disbursements in exchange for partial implementation of measures, but after three months of negotiations, the news did little to help the common currency. Also, Greece has already ordered the repayment of €750m in IMF loans a day before they were due."