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21 Apr 2015
EUR/USD oscillates driven by Greek debt jitters
FXStreet (Córdoba) - In the absence of economic news, the US dollar oscillated between small losses and gains versus its major peers, unable to set a short-term direction as investors remained uncertain about the state of the US economy and the timing of an expected Fed lift-off.
Meanwhile, Greek debt uncertainty has kept euro investors wary of taking big positions, confining EUR/USD to oscillate in a wide range and end the day unchanged at the 1.0740 zone.
GBP/USD rose to a high of 1.4970 but retreated during the American afternoon as the greenback recovered ground. The BoE meeting minutes will be the next key event for Cable on Wednesday, while the pound remains vulnerable ahead of a close UK general election.
USD/JPY advanced to a weekly high of 119.82 but the dollar failed to hold at highs. USD/CAD briefly rose above the 1.23 mark and reached a peak of 1.2305 coincidentally with crude hitting a weekly low just above $56.00 a barrel. AUD/USD reached a peak of 0.7752 but then retreated toward 0.7800 to close virtually unchanged.
During the Asian session, Australian CPI will be the key event. No major economic data out of Eurozone or US tomorrow.
Meanwhile, Greek debt uncertainty has kept euro investors wary of taking big positions, confining EUR/USD to oscillate in a wide range and end the day unchanged at the 1.0740 zone.
GBP/USD rose to a high of 1.4970 but retreated during the American afternoon as the greenback recovered ground. The BoE meeting minutes will be the next key event for Cable on Wednesday, while the pound remains vulnerable ahead of a close UK general election.
USD/JPY advanced to a weekly high of 119.82 but the dollar failed to hold at highs. USD/CAD briefly rose above the 1.23 mark and reached a peak of 1.2305 coincidentally with crude hitting a weekly low just above $56.00 a barrel. AUD/USD reached a peak of 0.7752 but then retreated toward 0.7800 to close virtually unchanged.
During the Asian session, Australian CPI will be the key event. No major economic data out of Eurozone or US tomorrow.