The Euro has pared its losses and filled the gap formed against the dollar on the open following the announcement of the Greek referendum.
‘It looks like a bit of stability has returned after the earlier onslaught, so I’d say there was a bit of profit-taking, given that we are very much in a state of flux’ RBC Capital said to Reuters.
The EUR/USD fell as low as 1.0954 in Asian trading but rebounded in early European trading. The upcoming Non-Farm Payrolls is likely to provide some stability in the pair as traders position themselves for a shift in rate hike expectations.
