Currency Analyst since 2010

Dollar gave back gains vs yen

EUR/USD is little changed in the 1.1200 area. European leaders hold the summit in Brussels. So far the negotiations between Greece and its creditors lack progress. Syriza parliamentary spokesman was reported saying that the lenders’ proposals are “annihilating”. GBP/USD slid below 1.5700.

USD/JPY edged down to 123.55. US dollar gave back gains after US yields declined on no positive news from Greece. In addition, traders are waiting for fresh data from America. On Wednesday the US GDP was revised as expected: American economy contracted in Q1, but not by as much as it was initially announced. Watch consumer spending and unemployment claims figures due on Thursday. NZD/USD rose above 0.6900. AUD/USD recovered to 0.7750.

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