daily commentary in the currency

Daily Commentary in the Currency Markets 2/7/15

No change to the Greek situation though Prime Minister did say that he was willing to accept most (but not all) of the Troika’s conditions for another bailout.

https://www.youtube.com/watch?v=xB6KDKkIPH4

No change to the Greek situation though Prime Minister did say that he was willing to accept most (but not all) of the Troika’s conditions for another bailout. We look to the referendum on Sunday which the polls are suggesting that the “YES” camp is gaining ground on the “NO” voters who still hold sway.

The USD has strengthened in advance of the NFP announcement happening today because of the Independence Day celebrations on Saturday. Oil prices and commodity currencies are under pressure especially the NZD, which could fall further on a rate cut by the central bank.

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