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15.06.2015 06:20 Foreign exchange market. Asian session

 

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

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Euro dropped for the first time in four days after the latest round of negotiations between Greece and its creditors fell apart. The latest failed attempt to find a formula to unlock as much as 7.2 billion euros ($8.1 billion) in aid for the anti-austerity government of Prime Minister Alexis Tsipras means Greece has two weeks until its euro-area bailout expires with no future financing arrangement in place. The burden of finding a resolution now shifts to a meeting of euro-area finance ministers set for June 18.

The dollar gain as data showing the U.S. economy continues to gain speed. Wholesale prices in the U.S. rose in May, giving the figure gains in two of the past three months that may eventually filter through to consumers, helping reassure Federal Reserve policy makers that inflation is progressing toward their target.

 

EUR / USD: during the Asian session the pair fell to $ 1.1190

GBP / USD: during the Asian session the pair fell to $ 1.5525

USD / JPY: during the Asian session the pair rose to Y123.55



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