Forex Market Update

The dollar recovered Thursday from the previous session’s losses after Germany rejected the Greek government’s request for an extension of its bailout program.

The euro EURUSD, -0.04% was at $1.1368, compared with $1.1400 Wednesday.

Reports of the rejection pushed the dollar higher against the euro after the shared currency had risen as high as $1.1455 in early trade.

Greece drama also helped drive the euro EURGBP, -0.11%  lower against the pound, at 73.7 pence, compared with 73.9 pence Wednesday. The shared currency EURJPY, -0.06%  traded at 135.49 yen, compared with ¥135.38 Wednesday.

Meanwhile, the greenback USDJPY, -0.02%  recovered from Wednesday’s losses against the yen to trade at ¥118.98, compared with ¥118.78. 

No comments:

Post a Comment