Currency Analyst since 2010

EUR/USD jumped on hopes about Greece

EUR/USD rose to 1.1190. The single currency is bought on hope for progress in Greek debt talks. The European Central Bank, the European Commission and the International Monetary Fund agreed on the terms of a deal to be put to Greece.

In addition, European yields went sharply up: German 10-year bund yields made the biggest increase in almost 3 years, while Spanish, Italian and Portuguese yields hit 2015 highs. Focus for the time being is on the ECB’s policy meeting and press conference at 12:30 GMT.

AUD/USD rose above 0.7800 after Australia released strong GDP figures: the nation’s economy rose in Q1 by 0.7% vs. 0.6% expected.

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