Thursday 16 July 2015

XE Market Analysis: North America - Jul 16, 2015

EUR-USD has posted fresh six-week low at 1.0896 amid a bout of euro underperformance, with EUR-PY logging a six-day low of 135.03 and EUR-GBP and extending further into eight-year low territory. In the case of EUR-USD, the latest fall has built on dollar-driven declines seen after yesterday's testimony by Fed Chair Yellen. The euro's present losses come despite gains in European stock markets and the prevailing view that yesterday's successful vote on creditor-approved reform proposals has reduced the risk of Grexit.



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