Greenback mixed across the board - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the American dollar started the day with a strong footing this Monday, albeit ended the day up mixed across the board.

Key Quotes:

"There were no relevant macroeconomic releases in Europe or the US, but indeed market did not miss headlines to trigger moves. Starting in the Asian session, the Chinese trade balance came out at $3.08B over 10 times less than the expected $45.35B, as both, exports and imports tumbled, 14.6% and 12.3% respectively, boosting the greenback."

"The EUR/USD pair sunk early Europe to a daily low of 1.0519 from where the pair bounced sharply towards the 1.0600, being limited by selling interest around this last."

"Later on in the day, market rumors on a Greek default by the ends of this month, should the country fail to reach an agreement with the IMF, kept the pair in the red. On Tuesday, the fundamental calendar will kick start the week with plenty of data, starting with the EZ industrial production figures, German wholesale price index, and inflation figures for Italy and Spain."