Germany 2-year Notes auction: -0.27% vs previous -0.16%

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Jul 8, 2015

ECB may not grant increased ELA to Greek banks – ECB’s Nowotny

The European Central Bank member Nowotny was on the wires stating that he cannot see an increase in Emergency Liquidity Assistance (ELA) for Greece being granted by the ECB.

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Jul 8, 2015

EUR/JPY struggles above 134

EUR/JPY remains relentlessly sold-off in the European session, although bouncing-off a brief dip below 134 handle. The weakness witnessed in the cross today was largely driven by broad yen strength backed rising demand for safety assets as traders await fresh news on Greece front ahead of Fed minutes due later today.

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