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Monday's Major Forex Pairs Analysis: Euro Falls Sharply, Pound Drops

Published 07/06/2015, 02:48 AM
Updated 04/25/2018, 04:40 AM
EUR/USD
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GBP/USD
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USD/JPY
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EUR/USD
The euro fell sharply because Greece rejected the proposed bailout terms from international creditors, placing the question of the country's continued membership in the euro zone at the front and center of global financial markets as top officials from the currency block scrambled to meet to and decide the next steps, Reports suggested that as many as 60% of voters rejected the terms worked out over months of tense talks, and the country is ready to continue negotiating with a plan of reforms euro traded at 1.1022, down 0.80%.

EUR/USD Hourly Chart

GBP/USD
Pound drops as Greece heads for 'No' vote; EZ scrambles for talks, pound edged higher against the U.S. dollar on Friday, after data showed that U.K. service sector expanded at a faster rate this month, although gains were capped by ongoing concerns over the Greek debt crisis. Meanwhile U.K. house prices climbed 0.3 percent last month; pound has strengthened 5.8 percent in the past three months.

GBP/USD Hourly Chart

USD/JPY
Yen Open On gap 100 pips down as euro fell sharply because Greece rejected terms from international creditors, more demand on yen make the yen stronger against dollar, on Friday yen slipped lower against the U.S. dollar, as sentiment on the greenback remained vulnerable after Thursday's downbeat U.S. data and as trading volumes were expected to remain thin with U.S. markets closed for the Independence Day Holiday.

USD/JPY Hourly Chart

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