Thursday, 16 July 2015

XE Market Analysis: Asia - Jul 16, 2015

The dollar steadied at better levels through the N.Y. session on Thursday, though was dented early by a softer Philly Fed index, before turning modestly higher again. Progress on the Greek font, in the form of increased ECB ELA funding to Greek bank, which will allow them to reopen on Monday. In addition, the EU approves a bridge loan to Athens. EUR-USD rallied to 1.0926 from lows near 1.0855, before turning sideways on either side of 10880. USD-JPY dipped under 124 to 123.86 lows, though quickly recovered to 124.14 highs.



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