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Forex: Wednesday’s review
The euro advanced to a one-week high against the dollar after the European Commission refuted reports that euro-area nations are pushing for private Greek bondholders to accept larger writedowns.
German Chancellor Angela Merkel said she’s waiting for a report from a team of officials from the European Union, European Central Bank and International Monetary Fund on Greece’s progress before deciding whether a second financing package for the country agreed on July 21 needs to be revised.
Since the U.S. session, the dollar rose against major currencies due to the decrease in major U.S. stock indices have reached an intraday lows, amid growing concern leaders are divided over how to handle Greece’s debt crisis.
EUR/USD: the pair fell.
GBP/USD: the pair fell.
USD/JPY: the pair hold Y76.35-Y76.65.
Focus today German lower house votes on 'EFSF' ratification from 0700GMT, Italy medium-long BTP bond auctions for up to E9.0bln. Later Eurozone Economic sentiment index September and Business climate indicator September
In American session Canada Raw Material Price Index August and Industrial product prices August
U.S. Initial Jobless Claims Week of September and Final GDP Quarter II
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