Friday's FX: EUR/USD, GBP/USD, USD/JPY -- April 10, 2015
ICM Brokers | Apr 10, 2015 03:46AM ET
EUR/USD
The euro fell below 1.07 on Tuesday, although Greece fulfilled an obligation to repay a EUR 450 million loan to the International Monetary Fund. The euro continued its decline against the dollar as IMF head Christine Lagarde avoided questions on whether she believes Athens will default on its next series of payments.
GBP/USD
The pound trimmed losses against the U.S. dollar on Thursday after the Bank of England kept monetary policy unchanged, while investors are focused their attention on next month's too-close-to-call general election. The U.K.'s benchmark interest rate stayed at the record low of 0.5 percent, where it has stayed since March 2009. The central bank also held the size of its bond purchases under the quantitative easing program at £375 billion ($554 billion).
USD/JPY
The dollar remained moderately higher against the Japanese yen on Thursday, after data showed that U.S. jobless claims rose less-than-expected last week and as expectations for a near-term U.S. rate hike continued to support.
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