It seems that currencies took to heart the “optimism” coming from Europe, expecting quick deliverance for Greece. After all, the EMU finance ministers were supposed to grant the second bailout during their meeting in Brussels today. The EUR-USD gapped from the Friday’s closing of 1.3138 to 1.3179 and it just kept climbing, reaching as high [...]

While Greece is still awaiting final word from Eurozone officials regarding the next installment of bailout funds, it is getting closer to seal the deal with private creditors. We have heard this very line for at least three weeks now, but the clock is ticking, so perhaps the latest announcement will materialize. As things stand, [...]

The quiet in currencies before Friday was well deserved. Market participants stood aside before jobs report late in the week. Probably a right decision for most, given what happened on Friday. Volatility in currencies increased dramatically, with the Canadian Dollar among those affected the most. The North American session started with labor numbers from Canada, [...]