x
Breaking News
0

Forex - Euro stronger on progress in Greece talks, China PMI ahead

ForexJun 22, 2015 07:59PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Euro stronger on Greece talks progress

Investing.com - The euro gained in early Asia on Tuesday as talks on Greece's debt appeared to be moving ahead.

EUR/USD changed hands at 1.1373, up 0.18%, while USD/JPY traded at 123.33, up 0.41%. AUD/USD was quoted at 0.7757, down 0.15%.

Greece's Prime Minister, Alexis Tsipras told reporters late Monday that proposals submitted to creditors to resolve the country's immediate debt obligations are aimed at fairness and that they should be adopted.

"I will use a term the EU leaders are using: the ball is now on EU leadership court," he concluded.

He made the remarks after the Emergency Eurozone summit in Brussels, adding that deliberations will continue for "a few more days" in order to secure the best possible deal for Greece.

European Commission President Jean-Claude Juncker earlier said Greece's proposals are a step in the right direction and that he was confident a deal could be finalized this week.

"I am convinced that we will come to a final agreement this week, for the simple reason that we have to find an agreement this week," he said. "We cannot play, as is said in football, for extra time any longer."

In Australia comes the first quarter housing price index at 1130 Sydney time (0130 GMT) with a quarter-on-quarter gain of 2.3% expected.

In China the June Markit Flash Manufacturing PMI is due at 0945, the first without HSBC following the end of their distribution deal. It is expected to show some improvement over May's final 49.2.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.03% to 94.28.

Overnight, the dollar turned lower against a basket of other major currencies on Monday, even after data showed that U.S. existing home sales rose more than expected in May to hit the highest level since 2009.

The National Association of Realtors reported on Monday that U.S. existing home sales increased 5.1% to 5.35 million units last month from 5.09 million in April. Analysts had expected existing home sales to rise 4.4% to 5.26 million units in May.

The greenback had come under pressure after the Federal Reserve's rate statement last week tempered expectations for a rate hike later this year.

Forex - Euro stronger on progress in Greece talks, China PMI ahead
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Please wait a minute before you try to comment again.
 
 
 
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.