ForexLive European morning wrap: Euro feels the heat of Greece as USD dominates once more

Author: Mike Paterson | Category: News

Forex news from the European morning session 13 April 2015


News:

Data:

In a morning short on data and rhetoric US$ buyers have focussed their attention back on to Greece and we've seen the euro on the back foot all session

The session got off to a spritely start as the pound came in for an early slap sending GBPUSD down to 1.4566 from 1.4610 and EURGBP up to 0.7271 from 0.7245 only to see those moves reversed

It was then the euro's turn as talk returned to Grexit, fresh Greek elections and overall concerns and, along with a steady demand for the greenback still, we've seen EURUSD slide from highs of 1.0620 to 1.0521,EURGBP down to 0.7204 and EURJPY to 126.97 from 127.80

We've seen some consolidation for the last couple of hours but rallies have been limited with USDJPY also finding further gains above 120.85 hard to find but support on dips into 102.50. USDCHF  has also enjoyed the ride climbing from 0.9795 to 0.9864 with EURCHF staying anchored

USDCAD has posted 1.2647 from 1.2605 but seen its rally tempered by firmer oil price scenario again while AUDUSD carried on its China data related fall to post 0.7552 just shy of the key support line again from a brief rally to 0.7615 while. NZDUSD has also remained on the back foot to 0.7422 from 0.7485

Let's see what our friends across the pond make of it all

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