• Foreign exchange market. Asian session

Market news

12 May 2015

Foreign exchange market. Asian session

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:30 Australia Home Loans March 1.1% Revised From 1.2% 1.0% 1.6%


The euro was little changed and a gauge of Asian developing-nation currencies fell to a four-week low. Greece persuaded a German-led bloc of creditors that it is serious about delivering the tight budget policies needed to escape a default. A transfer order for the IMF repayment was put in Monday, two Greek officials said. The European Central Bank will reassess the emergency liquidity lines keeping the Greek banking system in business Wednesday. Overblown expectations for the European Central Bank's quantitative easing plan pushed global debt valuations to extreme levels, triggering a "large and vicious" selloff in European bonds that's infected other markets, according to Goldman Sachs Group Inc. Greece has readied a repayment to the International Monetary Fund, officials said, as the ECB prepared to reassess emergency funding for the country's banks.


EUR / USD: during the Asian session, the pair was trading around $ 1.1150

GBP / USD: during the Asian session, the pair was trading around $ 1.5570

USD / JPY: during the Asian session, the pair was trading around Y120.15

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