Market news
28.06.2011, 08:02

Asian session: The euro fell

The euro fell against the dollar and yen, reversing earlier gains, before Greek lawmakers vote on budget cuts needed to prevent the currency union’s first default.
The 17-nation currency slid after the Die Welt newspaper cited European Central Bank Executive Board member Juergen Stark as saying he doesn’t expect the international community to finance Greece further after July if the country doesn’t implement its austerity plan. The won snapped a three-day decline after a report showed South Korea’s current account surplus widened. 
The yen rose on speculation exporters bought the currency after its decline to more than one-week low.
The euro earlier gained after France proposed a target of rolling over 70 percent of Greece’s debt. German Finance Ministry spokesman Martin Kreienbaum said in Berlin his government welcomes proposals from the private sector. German and French lenders are the biggest European holders of 

EUR/USD: the pair shown high in  $1.4330 area then decreased below a mark $1.4300.
GBP/USD: the pair decreased in $1.5960  area.
USD/JPY: the pair decreased in Y80.70  area. 

German June flash HICP data is expected, although no firm release time is yet available. 
UK data starts at 0830GMT, with the release of the third estimate of Q1 GDP and the Q1 Balance of Payments.

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location