INSIDE G-10: EUR Falls vs Most Peers on Greek Concern; AUD Gains

EUR drops vs most of its G-10 counterparts amid Greek concerns ahead of payment to IMF; AUD gains vs all of its peers after China’s factory PMI rose in May.

  • EUR/USD -0.33% at 1.0950, vs 1.0931-1.0991 range
    • Merkel, Tsipras, Hollande talks ‘constructive’: German govt
    • FX pair sold by macro and real-money funds, with stops under 1.0920 eyed: trader
    • Options expiring today include strikes at 1.0850 for EUR804m and at 1.0925 for EUR650m: DTCC data
  • AUD/USD +0.10% at 0.7653, vs 0.7628-0.7663 range
    • FX pair rebounds, erasing losses, after China’s manufacturing PMI increased last month; FX pair sold early in session on weaker-than-forecast building approvals data by small leveraged accounts: trader
    • RBA’s Edey says Sydney’s home market is overheated, a risky situation
    • Options expiring today include strike at 0.7625 for A$1.5b: DTCC data
  • NZD/USD -0.03% at 0.7105, vs 0.7072-0.7113 range
    • Stop-losses hit amid holiday-thinned liquidity: trader
    • Options expiring this week include strikes at 0.7070 for NZ$254.6m and at 0.7150 for NZ$328.7m expiring tomorrow: DTCC data
  • USD/JPY +0.02% at 124.18, vs 123.94-124.34 range
    • Funds selling yen on dips vs euro rather than dollar, according to Asia-based FX trader
    • Credit Agricole prefers long USD vs JPY than EUR, assuming latest surge in Japanese purchases of foreign bonds aimed at the U.S.
    • Leveraged funds’ net JPY short position highest since Jan. 13: CFTC data
    • Options expiring this week include strikes at 124.50 for $1.6b expiring today and at 124.00 for $550m expiring tomorrow: DTCC data
  • GBP/USD +0.02% at 1.5294, vs 1.5259-1.5305 range
    • Leveraged funds’ net GBP longs highest in 7 mos.: CFTC data
    • Options expiring today include strike at 1.5300 for GBP672.6m: DTCC data
  • USD/CHF +0.40% at 0.9441, vs 0.9389-0.9447 range
    • SNB’s Jordan says further rate cuts depend on global environment
  • BBDXY +0.14% at 1,193.63, vs 1,191.79-1.194.66 range
    • Treasuries little changed, with 10-year yield steady at 2.127%
    • Brent crude drops; copper and gold advance

Before it's here, it's on the Bloomberg Terminal. LEARN MORE