FX Daily

 

FX Daily
July 14, 2015 Posted by
The 17 hour marathon negotiations over the weekend between Greece and its creditors yielded a tentative understanding of what would be required for Greece to receive a 3rd bailout tranche. The terms are harsher than those rejected by Tsipras and by voters in the recent referendum, causing a rift within the Syriza party that will likely force a change in the coalition of parties currently in charge in Greece.
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FX Daily
July 07, 2015 Posted by
The Greek drama continues, hurting the EUR (now at a 5-week low vs. the USD) as EU finance ministers and leaders meet to discuss Greece’s fate.
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FX Daily
July 02, 2015 Posted by
The dollar is slightly weaker after the nonfarm payroll report showed that the economy produced 223K jobs in June and the unemployment rate fell to a 7-year low.
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FX Daily
July 01, 2015 Posted by
The U.S. dollar is rallying across the board as investors are flocking towards the greenback in light of the upcoming vote in Greece.
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FX Daily
June 30, 2015 Posted by
The euro is stuck in reverse once again as no agreement is at hand and the Greek government is now asking for a new 2-year bailout program.
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FX Daily
June 29, 2015 Posted by
The euro is recovering much of its loss as Greek Prime Minister Tsipras rejected the latest aid proposal and called a referendum for a vote on July 5.
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FX Daily
June 25, 2015 Posted by
The EUR traded its tightest range in a month versus the dollar as Greece’s negotiations with its creditors continue and it is looking increasingly likely that they will go to the wire. Dueling proposals and a failure to find a compromise....
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FX Daily
June 19, 2015 Posted by
Euro has weakened with no deal on Greece yet. As expected, ECB raised Emergency Lending Cap for Greek.....
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FX Daily
June 18, 2015 Posted by
Broad based USD squeeze continues.  It seems the Fed is taking a more prudent approach with the ongoing Greek negotiation, setting a higher data bar for the first rate hike. 
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FX Daily
June 17, 2015 Posted by
Market is not expecting explicit comments for the first rate hike but expecting the Fed dots to shift lower.  Immediate focus will probably be on the end-2015 median
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