Quotes from Western Union:
- The euro struggled to keep above $1.14 as Greece's inability to reach a compromise bailout deal with its creditors capped upside for the single currency.
- Markets remained cautiously hopeful that Greece would eventually hammer out a bailout that doesn't put as onerous a burden on its economy as the current program.
- As long as the specter of a Greek exit from the euro remains, upside for the euro should stay in shorter supply.
Commentary
EUR review: Western Union
Quotes from Western Union:- The euro struggled to keep above $1.14 as Greece's inability to reach a compromise bailout deal with its creditors capped upside for the single currency. - Markets remained cautiously hopeful …
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…
