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30 Jun 2015
EUR/USD falls deeper as Greece struggles for last-minute deal
FXStreet (Córdoba) - EUR/USD has dipped to fresh session lows as the dollar strengthened across the board during the New York session amid quarter-end demand.
EUR/USD came under renewed pressure after failing to overcome the 1.1245 zone and lost more than a hundred pips on a bout of dollar demand and more headlines coming from Greece. At time of writing, EUR/USD is trading at 1.1147, 0.77% below its opening price, having scored a low of 1.1112 in recent dealings.
Greece struggles for last-minute deal
While Athens is about to miss a €1.6 billion payment to the IMF and the bailout program comes to an end at midnight, Greece has sent a proposal for a third bailout program from the European Stability Mechanism (ESM) with parallel restructuring of debt.
Media is also reporting that Greece is requesting a bailout extension of its second program to avoid a default.
EUR/USD came under renewed pressure after failing to overcome the 1.1245 zone and lost more than a hundred pips on a bout of dollar demand and more headlines coming from Greece. At time of writing, EUR/USD is trading at 1.1147, 0.77% below its opening price, having scored a low of 1.1112 in recent dealings.
Greece struggles for last-minute deal
While Athens is about to miss a €1.6 billion payment to the IMF and the bailout program comes to an end at midnight, Greece has sent a proposal for a third bailout program from the European Stability Mechanism (ESM) with parallel restructuring of debt.
Media is also reporting that Greece is requesting a bailout extension of its second program to avoid a default.