Wednesday, May 20, 2015

The euro was down to $ 1.10 after the threat of default by Greece – Financial Journal

Expansion, Spain

The European Central Bank yesterday led a corrective to the euro, from US $ 1.13 to US $ 1.11, announcing his intention to accelerate purchases of European debt. Today the single currency recorded new lows at US $ 1.10.

Greece becomes one of those responsible for these falls. The Athens government has launched a new pulse to Brussels, including with threat of default. Government spokesman in the Greek parliament has said that will not make the payment due to the IMF for next June 5 if not reach an agreement with its international creditors before.

The Syriza government spokesman Nikos Phillies, has raised the tone in his pulse with creditors, stating that “now is the time when the negotiations are reaching a critical point. Now is the moment of truth, on June 5″.

The foreign exchange market operators provide a new punishment to the euro. Gone are the $ 1.14 that exceeded the beginning of the week when he touched highs of the past three months.

Analysts at Bank of America advised the euro rebounding advantage to sell and reaffirm their prospects bearish for the single currency, to near 2003 lows reached last March, at US $ 1.04 levels.

The portfolio adjustments in the euro-dollar cross could be reactivated at the end of midday in Europe. That’s when one of the key references of the day is known. The minutes of the last meeting of the Federal Reserve of the United States

Analysts expect any clues that might help dispel doubts about the deadlines shuffle the Fed to perform its expected rise in interest rates, the first since 2006. The latest US economic data cooled expectations of an increase in June

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