Monday, 13 July 2015

XE Market Analysis: Europe - Jul 14, 2015

EUR-USD dipped to a one-week low at 1.0955 partly on euro softness and partly on dollar firmness. EUR-JPY fell to a two-day low of 135.28, while EUR-GBP managed to hold above yesterday's low at 0.7087. Markets are waiting on Greece's parliamentary vote on the bailout deal tomorrow, which will be difficult for Tsipras to get through. There are also doubts over whether asset sales will really yield sufficient funds to recapitalise banks in Greece.



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