Rudolf MuscatLast update : 1 hours ago (09:09 CET)... Comments Share this
The euro is selling off rapidly ahead of European open this morning. Yesterday Prime Minister Tsipiras and Finance Minister Varoufakis expressed optimism that a deal would be reached shortly but the European lenders continued to highlight the existing gap between the two sides.
EURUSD slipped to 1-week lows and is trading at 1.1286 at the time of writing; the single currency is down -0.26% against the major currency peers.
The USD continues to trade in the green this morning and although still mildly positive when seen against its peers today, the Dollar index looks back at a +0.98% gain throughout yesterday’s trading we are now back in 94 territory.
The RBA signaled that monetary easing was still in the cards if needed. The AUDUSD closed its third consecutive day in the negative yesterday. This morning despite the initial sell off the AUD has managed to recover earlier losses already.
The kiwi attracted considerable support this morning after the New Zealand Reserve Bank raised its 2-year inflation expectation figure to 1.85%. The slight pickup in inflation expectations e