18 Feb 2015
Session Recap: Euro rises, EU/Greece headlines continue to flow
FXStreet (Córdoba) - The euro was among the best performers on Tuesday as it managed to shrug-off a stalemate in EU/Greek negotiations. During the afternoon trade, media reports suggesting Greece may request an extension of its loan agreement lifted the shared currency that accomplished gains versus most competitors.
It seems a lot of EU/Greek differences reside in semantics as Greece is reportedly willing to request an extension of its loan agreement for six months but not the full bailout program.
EUR/USD reached a daily high of 1.1448 before pulling back to settle around 1.14, while EUR/JPY and EUR/GBP closed above 136.00 and 0.7400 respectively. Meanwhile, EUR/CHF reached its highest level since the SNB removed the franc cap on Jan 15 amid Jordan hinting at further intervention.
USD/JPY broke above 119.00 and reached a 5-day high of 119.40 helped by higher US yields. Investors attention now turn to the BoJ meeting, where the central bank might upgrade its outlook assessment.
Oil staged a strong comeback after dipping to a low of $51.58 a barrel and climbed back above $54.00, erasing intraday losses. USD/CAD had an equally volatile day, tracking oil prices, and finished below 1.2400 after hitting a 2-week low at 1.2361.
US stocks started the trading week with gains after the holiday. S&P 500 closed at a record high of 2100. DJIA rose 0.2% and the Nasdaq gained 0.11%.
Main Headlines in America:
EUR/CHF in highs around 1.0670
USD/CHF revisits daily highs after Jordan comments
Gold challenges $1,200
Greece may request a loan agreement extension - reports
EUR/USD calmer around 1.1400
The S&P closed above 2,100 as Wall Street jumped in the last hour
It seems a lot of EU/Greek differences reside in semantics as Greece is reportedly willing to request an extension of its loan agreement for six months but not the full bailout program.
EUR/USD reached a daily high of 1.1448 before pulling back to settle around 1.14, while EUR/JPY and EUR/GBP closed above 136.00 and 0.7400 respectively. Meanwhile, EUR/CHF reached its highest level since the SNB removed the franc cap on Jan 15 amid Jordan hinting at further intervention.
USD/JPY broke above 119.00 and reached a 5-day high of 119.40 helped by higher US yields. Investors attention now turn to the BoJ meeting, where the central bank might upgrade its outlook assessment.
Oil staged a strong comeback after dipping to a low of $51.58 a barrel and climbed back above $54.00, erasing intraday losses. USD/CAD had an equally volatile day, tracking oil prices, and finished below 1.2400 after hitting a 2-week low at 1.2361.
US stocks started the trading week with gains after the holiday. S&P 500 closed at a record high of 2100. DJIA rose 0.2% and the Nasdaq gained 0.11%.
Main Headlines in America:
EUR/CHF in highs around 1.0670
USD/CHF revisits daily highs after Jordan comments
Gold challenges $1,200
Greece may request a loan agreement extension - reports
EUR/USD calmer around 1.1400
The S&P closed above 2,100 as Wall Street jumped in the last hour