The Euro adrift near the high level one week against the u.s. dollar on Friday (7/23) this after there is a fresh breeze that wafts from Greece, namely the progress to get a bailout from its creditors.
The Increase Was Limited
The euro was at $ 1.0976 range against the u.s. dollar in a range that approaches the level of one-week high at $ 1,1018 which is impregnable in the evening. Common currency the currency shot up after Greece's Parliament accepts a second reform package so that it could soon start negotiations with its creditors with the purpose to avoid bankruptcy.
However, with the United States that are well on the way-to raise interest rates at the end of this year and Greece's ability to doubt it can survive in the long run, analysts estimate would make the decline of the Euro within a fairly long.
"The news from Greece does help, but fundamentally speaking, the EUR/USD is still in a downward trend. European economic indicators and data such as Mozambique's inflation at the beginning of this year, certainly (coupled with) the United States was preparing to raise interest rates, "said Shinichiro Kadota, Chief FX Strategist at Barclays Reuters in Tokyo.
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