Euro pares losses

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.

Previous articleBritish mortgage approvals fall in May
Next articleNova Resources down 54% after final year results
Avatar photo
This is the profile of the UK Investor Magazine team who, in collaboration with each other and our partners, produce a number of in-depth analytical articles, reviews of investment services and publish sponsored articles from carefully selected partners.