Monday 22 June 2015

XE Market Analysis: Europe - Jun 22, 2015

The euro is trading firmer into the emergency EU summit on Greece. Greek PM Tsipras held a cabinet meeting over the weekend to discuss compromises on election pledges, and he is now scheduled to meet with top EU policymakers with a new proposal in hand. There is little data or other events to distract, and market participants will be on tenterhooks as the Greek saga heads nearer to a final showdown. EUR-USD nudged above Friday's high in making 1.1403, while EUR-JPY recovered to the upped 139s, back to near the mid-way point of the range seen over the last three weeks.



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