If creditor proposals true, unacceptable - Greek shipping minister

FXStreet (Bali) - Greek shipping minister, cited via Reuters, notes that if the reports on creditor proposals ahead of Greece's June 5th IMF payment deadline are true, they cannot be accepted.

Jun 4, 2015

USD/CHF weighed to the downside – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank, notes that USD/CHF continues to drift lower after being rejected at the 55DMA, but remains above the key support at 0.9287.

EUR/USD consolidates below 1.13

The shared currency paused its 2-day rally and trades around a flat line versus the American dollar in the early European trades, keeping EUR/USD below 1.13 barrier. The major extends its side trend from Asia as markets moved past ECB chief Draghi’s comments and now look forward to US macro releases amid a data-dry EUR calendar.