Back
13 Apr 2015
Euro still under pressure amid Greek concerns
FXStreet (Córdoba) - It was a quiet New York session in the FX market, with the dollar giving up some of its early gains versus major competitors.
Greece concerns continued to weigh on the shared currency with reports, later denied, suggesting the Hellenic country could default if talks with IMF fail.
EUR/USD recovered from a 1-month low of 1.0521scored in Europe, but the bounce was capped by the 1.0600/10 zone, confining the pair to a sideways phase over the last hours. GBP/USD bottomed out at a fresh 6-year low of 1.4569 but rebounded and turned positive for the day. USD/JPY retreated sharply from near 121.00, losing nearly 100 pips to a low of 119.88 before finding support.
USD/CAD erased intraday gains and traded little changed around 1.2590. The Australian dollar was among the worst performers pressured by disappointing trade data from China. AUD/USD scored a low of 0.7552 but the subsequent recovery was capped by 0.7600, putting the Aussie on track for a daily loss.
In Wall Street, main indexes closed lower after last week’s gains. The DJIA lost 0.45%, the S&P 500 shed 0.48%, while the Nasdaq fell 0.16%.
Greece concerns continued to weigh on the shared currency with reports, later denied, suggesting the Hellenic country could default if talks with IMF fail.
EUR/USD recovered from a 1-month low of 1.0521scored in Europe, but the bounce was capped by the 1.0600/10 zone, confining the pair to a sideways phase over the last hours. GBP/USD bottomed out at a fresh 6-year low of 1.4569 but rebounded and turned positive for the day. USD/JPY retreated sharply from near 121.00, losing nearly 100 pips to a low of 119.88 before finding support.
USD/CAD erased intraday gains and traded little changed around 1.2590. The Australian dollar was among the worst performers pressured by disappointing trade data from China. AUD/USD scored a low of 0.7552 but the subsequent recovery was capped by 0.7600, putting the Aussie on track for a daily loss.
In Wall Street, main indexes closed lower after last week’s gains. The DJIA lost 0.45%, the S&P 500 shed 0.48%, while the Nasdaq fell 0.16%.