The euro inched higher on Monday ahead of a meeting of euro zone finance ministers that investors expect will find enough common ground to support Greece beyond its current bailout programme and keep it inside the currency bloc.
In a day weakened by the absence of U.S. investors due to a national holiday, the New Zealand dollar was the biggest mover on major currency markets, up almost 1 percent after a strong retail sales report.
The euro has gained steadily through a nervous month of deadlock between the new government in Athens and its international creditors in Europe and at the IMF.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015