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27 Feb 2015
EUR: Weakest price since 26th Jan - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the euro's recent decline.
Key Quotes:
"The euro’s decline was exceeded in the G10 only by oil-sensitive NOK. EUR/USD’s sedate Asian trade turned into a rout, tumbling from 1.1375 in the London morning to as low as 1.1184 late NY (weakest since 26 Jan), stabilizing not much higher in the Sydney morning."
"EUR/CHF followed a similar path, from 1.0780 to 1.0670. A test vote in the German parliament indicated the new lending plan for Greece should pass comfortably. But there were some jitters over the Greek financial system, with bank deposits dropping EUR12.3bn in Jan to EUR148bn."
Key Quotes:
"The euro’s decline was exceeded in the G10 only by oil-sensitive NOK. EUR/USD’s sedate Asian trade turned into a rout, tumbling from 1.1375 in the London morning to as low as 1.1184 late NY (weakest since 26 Jan), stabilizing not much higher in the Sydney morning."
"EUR/CHF followed a similar path, from 1.0780 to 1.0670. A test vote in the German parliament indicated the new lending plan for Greece should pass comfortably. But there were some jitters over the Greek financial system, with bank deposits dropping EUR12.3bn in Jan to EUR148bn."