Draghi: IMF thinks Greece will need additional funding

FXStreet (Córdoba) - ECB President Mario Draghi stated that the International Monetary Fund believes that Greece needs further financing to face its payments beyond the end of June, when the Eurozone bailout expires.

During the Q&A session at the European Parliament testimony, Draghi also said the ECB could buy Greek bonds in the secondary market but only after the program review has successfully concluded.

USD uncertainty remains as Fed gears up for a rate hike – BAML

Strategists at BofA-Merrill Lynch, comment on the USD outlook and investor concerns ahead of the June FOMC Meeting and the expected September rate hike.
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NZD/USD recovers but fails to rally above 0.7000

NZD/USD gained momentum during the last hours amid a weak US dollar across the board and printed a fresh daily high at 0.7009 but failed to hold above 0.7000 and currently trades at 0.6993, up 0.15% for the day.
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