Greece weighs on the euro
EUR/USD is hesitating in the 1.0865 area. On the one hand, the US dollar is weakened by the stream of lower-than-expected data which were recently released in the US. On the other hand, the euro is affected by the growing uncertainty over the likely outcome of Greece’s negotiations with creditors. On Friday no agreement was reached between the 2 parties. According to a Greek government source, the negotiations will restart on Monday after a telephone conversation between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel.
The market’s waiting for the Federal Reserve’s meeting on Wednesday and the Bank of Japan’s meeting on Thursday. GBP/USD met resistance at 1.5180. USD/JPY recovered to 119.30. AUD/USD is trying to hold above 0.7800.