Australian dollar tumbles on firm US dollar, Greece woes
June 15, 2015 5:57 am
The Australian dollar slid on Monday as US dollar strengthens and Greece failed to seal a deal with bailout lenders.
Negotiations between Greece and its creditors closed with no agreement, bolstering the likelihood of a Greek debt default and eurozone exit.
The Aussie rose to 68.90 euro cents from Friday’s 68.85 euro cents, but fell to 77.20 US cents from 77.27 US cents.
Worries regarding Greece’s debt talks “spilled over to a little bit of general US dollar strength…” said Ray Attrill, Global Co-head of FX Strategy at National Australia Bank.
Traders will await the speech of Reserve Bank of Australia Assistant Governor Christopher Kent in Canberra today.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar slid on Monday as US dollar strengthens and Greece failed to seal a deal with bailout lenders.
Negotiations between Greece and its creditors closed with no agreement, bolstering the likelihood of a Greek debt default and eurozone exit.
The Aussie rose to 68.90 euro cents from Friday’s 68.85 euro cents, but fell to 77.20 US cents from 77.27 US cents.
Worries regarding Greece’s debt talks “spilled over to a little bit of general US dollar strength…” said Ray Attrill, Global Co-head of FX Strategy at National Australia Bank.
Traders will await the speech of Reserve Bank of Australia Assistant Governor Christopher Kent in Canberra today.
The material has been provided by InstaForex Company – www.instaforex.com
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