Western Union:
The euro exploded above a key level against the dollar thanks to a pair of constructive headlines from Europe. Inflation turned positive for the first time since Nov, climbing by a healthier than expected 0.3% in May which suggested the bloc may have weathered the worst of its bout with economy-strangling deflation.
Greece had yet to win more rescue money but it seemingly toward steps toward a deal as Athens submitted a new list of reforms to its creditors who held overnight talks on Greece's bailout.
The euro's high sensitivity to news related to Greece should keep it on an unpredictable path for the foreseeable future. The ECB renders a policy decision and press conference Wednesday, an event with the potential to stoke further euro volatility.
Commentary
EUR review
Western Union:The euro exploded above a key level against the dollar thanks to a pair of constructive headlines from Europe. Inflation turned positive for the first time since Nov, climbing by a healthier than expected 0…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
