11 May 2015
EUR/USD holds near daily lows
FXStreet (Córdoba) - EUR/USD printed a fresh daily low at 1.1130, marginally below Asian session lows and currently trades slightly above the lows, consolidating losses.
During the Aina session the euro dropped bleow 1.1200 and since then it was unable to trade above. The pair attempted to recover after Wall Street opening bell but it found resistance at 1.1170 and tuned back again to the downside. EUR/USD is falling for the third day in a row, about to post the lowest daily close since the beginning of the month.
Greece and the Eurogroup
According to reports Greece completed the latest payment to the International Monetary Fund, for about 750 million euros. Regarding negotiations between Greek officials and the Troika, Euro-area finance ministers welcome Greece intention toward meeting the terms of the credit program. But officials warned that more time is needed to solve differences.
During the Aina session the euro dropped bleow 1.1200 and since then it was unable to trade above. The pair attempted to recover after Wall Street opening bell but it found resistance at 1.1170 and tuned back again to the downside. EUR/USD is falling for the third day in a row, about to post the lowest daily close since the beginning of the month.
Greece and the Eurogroup
According to reports Greece completed the latest payment to the International Monetary Fund, for about 750 million euros. Regarding negotiations between Greek officials and the Troika, Euro-area finance ministers welcome Greece intention toward meeting the terms of the credit program. But officials warned that more time is needed to solve differences.