EUR/USD plunges on Juncker statements

he risk off sentiment was growing ahead of US data after the weak and below consensus PPI release in Europe.

EU’s Jean Claude Juncker said that the Greek PSI talks are being “ultradifficult” and acknowledges Greece’s efforts of the last two years. About Monday’s EU-summit, he showed disappointment on its reach.

The statements damaged the EUR/USD stability around 1.3130/50 and sent it to a plunge below 1.3100. At the moment of writing, the pair is quoting at 1.3090 and is still pushing further to the downside.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: