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14 May 2015
EUR rallied despite gloom from Yanis Varoufakis - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that there was not much going on in Europe this Thursday with an exception made by gloom comments from the Greek PM Yanis Varoufakis, repeating more of the usual.
Key Quotes:
"He wants to reach a deal, asking for more, and offering less. Among other comments, he regretted joining the Union, blamed previous comments, and asked for a delay in upcoming July/August repayments to the ECB."
"Nevertheless, the EUR/USD pair managed to extend its recent rally to a fresh 3-month high of 1.1442, as earlier in the American session, the US released better-than-expected weekly unemployment claims reading for the week ending May 8th, down to 264K, although the Producer Price Index for final demand fell 0.4% in April, weighing on the greenback."
"The European Central Bank President Mario Draghi, gave a speech in the American afternoon, mentioning full QE implementation and the downward risk of inflation, triggering a downward corrective movement in the EUR/USD pair that reached 1.1342."
Key Quotes:
"He wants to reach a deal, asking for more, and offering less. Among other comments, he regretted joining the Union, blamed previous comments, and asked for a delay in upcoming July/August repayments to the ECB."
"Nevertheless, the EUR/USD pair managed to extend its recent rally to a fresh 3-month high of 1.1442, as earlier in the American session, the US released better-than-expected weekly unemployment claims reading for the week ending May 8th, down to 264K, although the Producer Price Index for final demand fell 0.4% in April, weighing on the greenback."
"The European Central Bank President Mario Draghi, gave a speech in the American afternoon, mentioning full QE implementation and the downward risk of inflation, triggering a downward corrective movement in the EUR/USD pair that reached 1.1342."