FX Daily Update

Published 06/26/2015, 03:04 AM
Updated 05/14/2017, 06:45 AM

The negotiations held yesterday did not produce an agreement that will allow Greece to meet its obligations by the end of June. It owes €1.5 billion to the IMF and the €240 million European emergency fund will also come to an end. A new round of talks was begun this early morning in Brussels. Meanwhile, the euro has once again fallen by many basis points against the U.S. dollar.

Most of our economic indicators today will once again come from south of the border. At 8:30 a.m., Personal Income and Personal Spending (May) will be released, with the market forecasting a 0.5% rise in income and also a 0.7% jump in spending, which would be quite welcome. We will also be keeping an eye out for Initial Jobless Claims at 8:30 a.m. and the USD Markit U.S. Composite PMI at 9:45 a.m. Today could therefore be a favourable day for the greenback.

Economic Data

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.