GBP/USD hit 1.5720 during European morning trade, the session low; the pair subsequently consolidated at 1.5744. Cable was likely to find support at 1.5665, the low of June 24 and resistance at 1.5832, the high of June 23.
Markets were jittery as negotiations between Greece and its creditors broke down once again on Thursday.
Markets were jittery as negotiations between Greece and its creditors broke down once again on Thursday.
EUR/USD held steady at 1.1206 after negotiations between Greece and its creditors broke down once again on Thursday.
Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund on June 30.
Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund on June 30.
The U.S. dollar index, which measures the greenback’s strength against a
trade-weighted basket of six major currencies, was steady at 95.33.
USD/JPY hit 123.22 during late Asian trade, the pair's lowest since June 22; the pair subsequently consolidated at 123.46, edging down 0.14%.
The pair was likely to find support at 122.54, the low of June 22 and resistance at 123.97, Thursday's high.
Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund on June 30.
If Greece misses the payment it risks going into default, which could trigger the country’s exit from the euro area.
Investors were also looking ahead to comments by BoE Governor Marke Carney later in the day, for further indications on the central bank's next policy moves.
The dollar found support after data on Thursday showed that U.S. personal spending rose by 0.9% in May, above expectations for a gain of 0.7%.
The report also showed personal income rose by 0.5% in May, in line with forecasts and after rising 0.5% in April.
In addition, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 20 increased by 3,000 to 271,000 from the previous week’s total of 268,000. Analysts had expected initial jobless claims to rise by 4,000 to 272,000 last week.
Official data earlier showed that Japan's household spending rose 2.4% last month, exceeding expectations for a 2.2% gain, after a 5.5% drop in April.
A separate report showed that Japan's consumer price index increased by an annualized rate of 0.5% in May, more than the expected 0.4% uptick, after an increase of 0.6% the previous month.
Meanwhile, market sentiment remained under pressure as negotiations between Greece and its creditors broke down once again on Thursday.
USD/JPY hit 123.22 during late Asian trade, the pair's lowest since June 22; the pair subsequently consolidated at 123.46, edging down 0.14%.
The pair was likely to find support at 122.54, the low of June 22 and resistance at 123.97, Thursday's high.
Time is running out for the Greek government to secure a deal to unlock bailout funds ahead of the looming deadline for a €1.6 billion repayment to the International Monetary Fund on June 30.
If Greece misses the payment it risks going into default, which could trigger the country’s exit from the euro area.
Investors were also looking ahead to comments by BoE Governor Marke Carney later in the day, for further indications on the central bank's next policy moves.
The dollar found support after data on Thursday showed that U.S. personal spending rose by 0.9% in May, above expectations for a gain of 0.7%.
The report also showed personal income rose by 0.5% in May, in line with forecasts and after rising 0.5% in April.
In addition, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 20 increased by 3,000 to 271,000 from the previous week’s total of 268,000. Analysts had expected initial jobless claims to rise by 4,000 to 272,000 last week.
Official data earlier showed that Japan's household spending rose 2.4% last month, exceeding expectations for a 2.2% gain, after a 5.5% drop in April.
A separate report showed that Japan's consumer price index increased by an annualized rate of 0.5% in May, more than the expected 0.4% uptick, after an increase of 0.6% the previous month.
Meanwhile, market sentiment remained under pressure as negotiations between Greece and its creditors broke down once again on Thursday.
No comments:
Post a Comment