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22 Jun 2015

EUR/USD rises above 1.1400 as Greek optimism picks up

FXStreet (Córdoba) - EUR/USD climbed above the 1.14 mark and extended gains to fresh highs while European bonds and stocks advanced as optimism over a Greek deal picks up again amid comments from EU and Greek officials.

European Commission president Jean-Claude Juncker said that he believes a deal with Greece will be reached by the end of the week while the BBC reported Greek economy minister stating that he believes Greek new proposals have broken the deadlock with creditors.

Meanwhile, the Eurogroup has issued a statement reiterating Dijsselbloem comments that it is "a positive step in the process."

EUR/USD managed to reverse intraday losses and reached a fresh daily peak of 1.1404 in recent dealings. At time of writing, the pair is trading at 1.1397, recording a 0.39% gain on the day.

Jun 22, 2015

Greece economy minister says new proposals have broken the deadlock - BBC

Greece's economy minister, Giorgos Stathakis, has told the BBC that he believes Greek new proposals have broken the deadlock with creditors.

GBP/USD having worst day in two weeks

Cable remains near the lows unable to recover as the euro rises across the board on hopes of a deal between Greece and its creditors. GBP/USD recently attempted to recover but it was capped by 1.5845 and retreated.