Forex.ee: Daily economic news digest

Daily economic digest from Forex.ee
Stay informed of the key economic events

Monday, June 29^th

^{EUR/USD dropped to 1.0954 after dramatic collapse of negotiations between Greece and its creditors over the weekend. Greek banks and stock exchange are expected to be closed for the entire week as the government imposed capital controls within the country.  The possibility that Greece will run out of cash even before the July 5 referendum called by Greek Prime Minister Alexis Tsipras is very high. The pair is currently traded at 1.1084. Today’s move of the single currency majorly affected the market, which opened with a gap in Asia leading to significantly higher volatility.} 

^{The U.S. dollar index which measures the strength of the greenback against six major currencies was up 0.83% to 96.40.  The U.S. data on Friday showed that consumer sentiment rose this month bolstering the expectations for higher interest rates.}

^{USD/JPY slumped to 122.10 over higher retail sales in Japan and the plunge of the euro. The pair is currently moving back towards 123.00 reading as dollar is gaining momentum.}

^{AUD held steady at three-week lows against the greenback. The pair hit 0.7586 during the Asian trade, which was its lowest since June 8. Currently located at 0.7638, the pair can find support at 0.7550 and resistance at 0.7701.}

^{NZD/USD touched the level of 0.6785 this morning, which was pair’s lowest since June 2010. The Kiwi is back to above 0.68, but the bearish trend is likely to continue further.}

^{Ahead in the day, investors are viewing the pending home sales in the U.S. while the situation in Greece remains the main point of concern.}

Your European ECN-broker,

Forex.ee