13 Jul 2015
EUR/USD continues to slide despite Greece deal
FXStreet (Córdoba) - EUR/USD reached a fresh daily low at 1.1015 as it continues to decline following the agreement between Greece and the ESM. The deal still needs the approval from national Parliaments.
The pair, that earlier rose approaching 1.1200 reversed and it had been moving with a downside bias during the last eight hours. The pair recently broke below 1.1050 and accelerated the decline. It remains near the lows with eyes on the 1.10 handle.
ECB ELA to Greece unchanged
Uncertainity around the Greek crisis continues. The European Central Bank left the Emergency Liquidity Assistance (ELA) to banks in Greece unchanged. Probably it will continue until a clearer outlook arises. Standard and Poor’s, the rating agency, said that it could rise Greece grade if the bailout deal looks solid.
The euro weakened in the market the hours following the agreement amid uncertainty and also hit fresh low versus the pound and the Swiss franc. The common currency remains under pressure as European stocks consolidate gains.
The pair, that earlier rose approaching 1.1200 reversed and it had been moving with a downside bias during the last eight hours. The pair recently broke below 1.1050 and accelerated the decline. It remains near the lows with eyes on the 1.10 handle.
ECB ELA to Greece unchanged
Uncertainity around the Greek crisis continues. The European Central Bank left the Emergency Liquidity Assistance (ELA) to banks in Greece unchanged. Probably it will continue until a clearer outlook arises. Standard and Poor’s, the rating agency, said that it could rise Greece grade if the bailout deal looks solid.
The euro weakened in the market the hours following the agreement amid uncertainty and also hit fresh low versus the pound and the Swiss franc. The common currency remains under pressure as European stocks consolidate gains.