Tuesday, 5 May 2015

XE Market Analysis: North America - May 05, 2015

The euro took another turn lower, concomitantly with a rise in the Greek 10-year benchmark yield above 11% amid continued reports that significant differences remain between Greece and its creditors at the bailout negotiation table. EUR-USD logged a five-day low at 1.1066 after breaching Monday's 1.1123 low. EUR-JPY, EUR-GBP and other euro crosses saw similar price actions. Elsewhere, USD-JPY lifted above recent highs to a three-week peak at 120.31, even though EUR-JPY dipped to a five-day low.



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