The US dollar was soft at the beginning of today’s trading session on hopes that Greece will receive an aid after all. The positive fundamental data from the United States added to the weakness of the greenback. The currency trimmed its losses though and may yet rebound.
The leaders of the European Union are meeting today and investors hope that the summit will bring clarity to the situation with Greece. Many analysts do not believe that the members of the EU will allow the Hellenic Republic to leave the currency bloc. Such view boosts riskier currencies, especially the euro, and weakens safer ones.
US unemployment claims fell from 451,000 to 410,000 last week. The flash manufacturing Purchasing Managers’ Index advanced from 51.0 to 52.4 in November. The leading indicators grew 0.2 percent in October.
EUR/USD was up from 1.2827 to 1.2846 as of 6:06 GMT today, but retreated from the maximum of 1.2867. GBP/USD rose from 1.5949 to 1.5959 and USD/JPY went down from 82.51 to 82.46.
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