US dollar fends ground on likely Greek debt default
June 22, 2015 2:01 am
The US dollar shielded its momentum versus the Japanese yen Monday, as US debt yields slumped despite hopes of evading a likely Greek debt default.
The benchmark US Treasury 10-year yield declined around 8 basis points Friday. Also, Prime Minister Alexis Tsipras on Sunday presented a new offer on a economic reforms package to bailout creditors, showing their willingness to topple a deadlock between both sides.
The greenback closed at ¥122.77 following it snipped 0.2% in the last session. The currency ended at $0.7769 per euro.
Today is the last series of talks, so a deal might be possible. But it is uncertain “when and if an agreement will be reached,” said Shinichiro Kadota, chief Japan forex strategist at Barclays.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar shielded its momentum versus the Japanese yen Monday, as US debt yields slumped despite hopes of evading a likely Greek debt default.
The benchmark US Treasury 10-year yield declined around 8 basis points Friday. Also, Prime Minister Alexis Tsipras on Sunday presented a new offer on a economic reforms package to bailout creditors, showing their willingness to topple a deadlock between both sides.
The greenback closed at ¥122.77 following it snipped 0.2% in the last session. The currency ended at $0.7769 per euro.
Today is the last series of talks, so a deal might be possible. But it is uncertain “when and if an agreement will be reached,” said Shinichiro Kadota, chief Japan forex strategist at Barclays.
The material has been provided by InstaForex Company – www.instaforex.com
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