Euro Briefly Lifts, Yuan Hits a Record
A Greek aid deal briefly lifts the euro and the OECD issues a warning - it's time for your FX Fix.
The briefly hit a one-month high after global lenders reached a deal on new debt targets and an aid-disbursement plan for Greece. [CNBC]
Improved risk appetite in the wake of the Greek aid agreement lifted the Australian and New Zealand dollars. [economictimes.indiatimes.com]
The OECD issued a strong warning hat the global economy is at risk of a new contraction unless U.S. and European policymakers resolve their fiscal problems. [WSJ]
Swiss consumer demand improved, but the news failed to lift the Swiss franc. [dailyfx.com]
The Chinese closed at a record high as companies tried to unwind long dollar positions n thin trading. [CNBC]
Hungary's firmed before a central bank meeting that is expected to result in an interest rate cut. [CNBC]
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CURRENCY FUTURES:
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE | VOLUME |
|---|---|---|---|---|---|
| @DX.1 | Dollar Index Future (Sep'24) | 104.29 | -0.141 | -0.14% | 17 |
| @JY.1 | Japanese Yen Future (Jun'24) | 0.0064 | UNCH | UNCH | 39,747 |
| @BP.1 | British Pound Future (Jun'24) | 1.2714 | -0.0002 | -0.02% | 38,536 |
| @AD.1 | Aust. Dollar (Jun'24) | 0.6634 | +0.0015 | +0.23% | 26,362 |
| @CD.1 | Canadian Futures (Jun'24) | 0.7316 | +0.001 | +0.14% | 18,169 |
| @SF.1 | Swiss Franc Future (Jun'24) | 1.0966 | +0.0007 | +0.06% | 8,847 |
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