Greece to deal or not to deal? – FXStreet

FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet explained that the dollar ended the day generally higher across the board, except against the EUR that erased all of intraday losses against its American rivals on hopes of a Greek deal.

Key Quotes:

“At the beginning of the day, the common currency fell down to a fresh monthly low of 1.0818, as broad dollar strength dominated in a light-calendar journey, and concerns over the peripheral country, after the ECB was said to keep the Greek ELA ceiling unchanged at €80.2bn this week.”

“But mid American session, headlines coming from Greece stating that the country and its creditors have started crafting a staff level accord, triggered a strong comeback up to 1.0910 in the EUR/USD.”

“During the rest of the American afternoon, EU authorities have been pouring cold water over the news, saying that they are just starting to work on it and that a deal by June 5th is unlikely.”

Valeria Bednarik, chief analyst at FXStreet explained that the dollar ended the day generally higher across the board, except against the EUR that erased all of intraday losses against its American rivals on hopes of a Greek deal.

(Market News Provided by FXstreet)