Monday 27 July 2015

XE Market Analysis: Europe - Jul 27, 2015

The euro has traded firmly in early week trade, while the dollar underperformed. EUR-USD rose to a two-week high of 1.1034 and EUR-JPY lifted above 134.00, despite a decline in USD-JPY. Elsewhere, the euro posted a seven-month high against the Aussie dollar. Greek creditor officials are due to begin talks with the government on Tuesday in the race to formalise the bailout agreement before August 20, when another big repayment to the ECB is due.



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