Currency Analyst since 2010

Euro fell to 1.1060

EUR/USD slid to 1.1060. The single currency is affected by expectations that the European Central Bank would increase its bond-buying stimulus and increased concerns about Greece. According to Greek government’s parliamentary speaker, the nation won’t be able to pay the International Monetary Fund on June 5 if it doesn’t get a deal with creditors.

USD/JPY rose above 121.00 following Nikkei 225 which hit a 15-year high on better-than-expected economic data from Japan. Japanese GDP added 0.6% in Q1 vs. 0.4% growth expected. Annual growth was 2.4% vs. 1.5% expected.

GBP/USD is testing levels below 1.5500 ahead of the publication of the Bank of England’s April meeting minutes: no surprises are expected from the release. The central bank members have probably voted unanimously to maintain interest rates at record lows.

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