Monday 13 July 2015

XE Market Analysis: Asia - Jul 13, 2015

The dollar was mostly higher in N.Y. trade on Monday, rallying versus the euro despite the Greek/EU "agreement", up against the CAD into Wednesday's BoC meeting, up against sterling, while USD-JPY was range bound at near two-week highs. There was no data to drive prices, though the unwinding of risk aversion supported the greenback, as yields and Wall Street moved higher. The markets have not likely seen the last of the Greek crisis, with key events coming up this week, beginning Wednesday, where the Greek parliament will need to pass reform laws.

[EUR, USD]



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