Thursday, 9 July 2015

XE Market Analysis: Europe - Jul 09, 2015

The dollar is weaker following the dovish tone of the FOMC minutes to the June 16-17 meeting, which revealed concerns over Greece and China, among other considerations, and eroded market expectations for a September rate hike. EUR-USD rose above 1.1100, building on yesterday's euro-driven gains. EUR-JPY also firmed as USD-JPY rebounded from lows as Chinese and other Asian stocks rallied. China's Shanghai Comp surged nearly 7% as the latest barrage of support measures were implemented.



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