Corporate foreign exchange news

Euro up in foreign exchange markets

Tuesday, 21 June 2011 09:09:53 GMT

Published by Jamie Jemmeson
The euro has risen slightly versus the dollar in foreign exchange markets this morning (June 21st), as analysts await further news on the Greek economy later today. 
According to the Wall Street Journal, the currency is at risk of tumbling if signs of uncertainty about the debt crisis are noticeable, despite experts believing further aid will be granted by the International Monetary Fund and the European Union.
The single currency traded at $1.4341 early this morning UK time, little changed from the level of $1.4304 seen in New York last night.
Mitsubishi UFJ Morgan Stanley Securities chief manager of foreign exchange trading Minoru Shioiri is quoted as saying: "The euro likely won't add that much to its gains over the rest of the day before the Greek vote, as market participants take a wait-and-see approach."
Earlier this month, US president Barack Obama stated the nation's economy will also be impacted by the ongoing issues in the eurozone.
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