FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet noted that EUR/USD broke through the 1.1000 level and rallied up to a fresh high of 1.1055 on the back of market talks suggesting Greece and its creditors will reach a deal before the week is over.
Key Quotes:
“Tensions surrounding the troubled country arose this week, with negotiations intensifying this week.”
“Early this Tuesday, PM Tsipras spoke on national TV, saying that the country is willing to make compromises, but also that his government is determined to maintain its anti-austerity measures, throwing the ball back to its lenders as he said he expects them to be “realistic.””
“In the meantime, there was a meeting late Monday in Berlin of the three troika members that are said to have completed an agreement that they will present to Alexis Tsipras sometime today. Also, the common currency is finding support on improved inflation readings in the EU for May.”
(Market News Provided by FXstreet)