Thursday, 16 July 2015

XE Market Analysis: Europe - Jul 16, 2015

The dollar is generally firmer despite Fed Chair Yellen neither confirming nor denying a September rate hike in her Congressional testimony yesterday. EUR-USD touched a six-week low 1.0911 during the pre-European open session in Asia, since settling around 1.0930. EUR-JPY and come other euro crosses are also trading at lower levels despite the approval of bailout measures by Greece's parliament, which should pave the way for official talks on a third bailout package for Greece.



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