Monday, 10 August 2015

XE Market Analysis: North America - Aug 10, 2015

EUR-USD edged out a six-day high of 1.0981 during the European AM session, breaching Friday's high at 1.0978, before retreating below 1.0950. The euro was temporarily lifted by a surge in Greek shares as a bailout deal with creditors edges nearer. However, Friday's post-U.S. jobs report 'on-the-fact' dollar sell-off is not likely to sustain with Fed funds futures having moved to fully discount a 25 bp Fed rate hike at the September FOMC. EUR-CHF eked out a new high of 1.0790, the best seen since late February.



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