Greek negotiations…to be continued – FXStreet

FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet noted that investors decided to set aside the common currency this Thursday, as the Greek drama continued to new levels, if such thing is even possible.

Key Quotes:

“The meeting between the troubled country and its creditors finished with nothing new, except a new meeting scheduled for next Saturday.”

“It’s clear that Greece doesn’t want to leave the region, and the rest of the Union is far from forcing it out, but somehow they can’t agree on the how to keep the EU in one piece.”

“In the meantime, the US released its weekly unemployment claims, slightly better-than-expected for the week ending June 19, at 271K. Also, the country released its personal income and expenditure figures, showing that the core PCE price index, the FED’S favorite measure of inflation, came out at 1.2% as expected yearly basis in May.”

“Finally, the US service sector activity grew less than expected in June, resulting at 54.8.”

Valeria Bednarik, chief analyst at FXStreet noted that investors decided to set aside the common currency this Thursday, as the Greek drama continued to new levels, if such thing is even possible.

(Market News Provided by FXstreet)