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Jul 1, 2015

Euro slips after Greece misses IMF repayment deadline

SYDNEY/TOKYO (Reuters) – The euro slipped in Asia on Wednesday with Greece’s fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund.

The common currency eased 0.2 percent to $1.1128 EUR=, having suffered a 0.8 percent drop on Tuesday. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece.

Jun 30, 2015

Euro gives up gains as clock ticks before Greece’s likely default

TOKYO, June 30 (Reuters) – The euro slipped on Tuesday as
traders braced for the near certainty that Greece will default
on a repayment to the International Monetary Fund later in the
day, putting the country at risk of disruptive exit from the
euro zone.

The euro fell 0.4 percent to $1.1188, heading back to
a four-week low of $1.0955 struck overnight in a knee-jerk
reaction to heightened concern on the future of Greece and the
euro zone.

Jun 29, 2015

Euro, stocks plunge as Greece seen on course to default

TOKYO (Reuters) – The euro fell almost 2 percent and share prices tumbled across Asia on Monday as Greece looked set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs.

With the prospect of Greece being forced out of the euro in plain sight, the common currency fell as much as 1.9 percent to $1.0955 EUR=, its lowest in almost a month, and last stood down 1.4 percent at $1.1007.

Jun 28, 2015

Euro, stock futures plunge on Greece default fears

TOKYO, June 29 (Reuters) – U.S. stock futures and the euro
fell almost two percent in early Asian trade on Monday as Greece
looks set to default on its debt repayment this week and Athens
is forced imposed capital control to halt bank runs.

The euro fell as much as 1.9 percent to $1.0955, its
lowest level in almost a month. Against the yen, the common
currency dropped more than three percent to 133.80 yen, a
five-week low.

Jun 23, 2015

Euro slips as market looks beyond initial progress in Greece talks

TOKYO/SYDNEY, June 23 (Reuters) – The euro fell on Tuesday
as traders looked beyond an endless stream of headlines
indicating progress in Greek debt talks while the dollar gained
traction from solid U.S. housing data.

In Asia, a survey on Chinese manufacturing showed that
factory activity may be stabilising but not stopped contracting,
undermining commodity currencies.

Jun 22, 2015

Asia cheers Greece’s 11th-hour proposals to avert default

TOKYO (Reuters) – Asian shares got the week off to a strong start and U.S. stock futures and the euro firmed on Monday, after Greece scrambled to avert defaulting on its debt with last-minute proposals aimed at appeasing its creditors.

Many investors were still cautious about Prime Minister Alexis Tsipras’s proposals because it was not immediately clear how far they yielded to creditors’ demands for additional spending cuts and tax hikes, nor whether creditors can stomach the offer.

Jun 22, 2015

Asia markets cheer Greece’s 11th-hour proposals to avert default

TOKYO (Reuters) – Asian shares got the week off to a strong start and U.S. stock futures and the euro firmed on Monday, after Greece scrambled to avert defaulting on its debt with last-minute proposals aimed at appeasing its creditors.

Many investors were still cautious about Prime Minister Alexis Tsipras’s proposals because it was not immediately clear how far they yielded to creditors’ demands for additional spending cuts and tax hikes, nor whether creditors can stomach the offer.

Jun 21, 2015

U.S. share futures leap as Greece offers new reform deal

TOKYO (Reuters) – U.S. stock futures jumped in early Asian trade on Monday after Greek Prime Minister Alexis Tsipras offered a new package of reforms to foreign creditors – a ray of hope for a last-minute deal at the emergency euro zone summit meeting later in the day.

But many investors were still cautious because it was not immediately clear how far the new proposal yielded to creditors’ demands for additional spending cuts and tax hikes, nor whether creditors can stomach the offer.

Jun 19, 2015

Asian shares rebound on Fed policy hopes, keep eye on Greece

TOKYO (Reuters) – Asian shares held firm and the dollar remained on the defensive on Friday as investors bet the U.S. Federal Reserve will not raise interest rates too soon, though anxiety over how Greece’s debt crisis will unfold dampens risk appetite.

Japan’s Nikkei .N225 rose 0.9 percent from a one-month low set on Thursday while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS ticked up 0.2 percent.

Jun 16, 2015

Euro on defensive on Greece default fears, dollar upbeat ahead of Fed

TOKYO (Reuters) – The euro was held hostage by the crisis in Greece on Wednesday while the dollar held firm after solid U.S. housing data bolstered the case for the U.S. Federal Reserve starting rate hikes as early as in September.

The euro traded at $1.1246 GBP=, having slipped from Tuesday’s high of $1.1330. Although it remained in a familiar range between $1.11 and $1.14 in recent days, traders see this as the calm before storm rather than a sign of stability.