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16 Jul 2015
Euro offered regardless of Greece - FXStreet
FXStreet (Guatemala) - Analysts at FXStreet explained the good news coming from Greece that were not enough to support the common currency.
Key Quotes:
"Despite the Parliament approved the agreement between Tsipras and the EU past midnight, the EUR/USD pair fell below the 1.0900 level this Thursday. The ECB had its economic policy meeting in the European morning, leaving rates and facilities unchanged, as expected. Draghi speech confirmed that the Central Bank has no plans on changing course any time soon.
Also, he was asked about Greece, and it was clear Draghi is among those, who want the country to remain within the EU no matter what. The ECB, also announced the raise of the Greek ELA by €900m. In the US, weekly unemployment claims declined last week for the first time in a month, heading back toward the lowest levels in more than a decade by printing 281K. The July Philly Fed business outlook however, came out at 5.7, well below expected, halting temporally dollar's advance."
Key Quotes:
"Despite the Parliament approved the agreement between Tsipras and the EU past midnight, the EUR/USD pair fell below the 1.0900 level this Thursday. The ECB had its economic policy meeting in the European morning, leaving rates and facilities unchanged, as expected. Draghi speech confirmed that the Central Bank has no plans on changing course any time soon.
Also, he was asked about Greece, and it was clear Draghi is among those, who want the country to remain within the EU no matter what. The ECB, also announced the raise of the Greek ELA by €900m. In the US, weekly unemployment claims declined last week for the first time in a month, heading back toward the lowest levels in more than a decade by printing 281K. The July Philly Fed business outlook however, came out at 5.7, well below expected, halting temporally dollar's advance."