FXStreet (Bali) - The last week was all about Greece and tepid US data, notes Valeria Bednarik, Chief Analyst at FXStreet.
Key Quotes
"Regarding the first, optimism on a deal jumped to speculation of a "Grexit", with the Athena's government and the rest of the Eurogroup throwing the ball to the other side when it comes to determinate who's responsible of the current situation."
"The Eurogroup meeting that took place during the weekend in Riga, ended with no deal reached, which should increase the risk of an EUR decline. As for the US, March core Durable Goods Orders printed -0.5% against a 0.3% raise expected, although the main reading largely surpassed expectations."
"Nevertheless, this latest data confirms economic growth has softened during the first quarter of 2015."
"In the upcoming days, the FOMC will have its 2-day-meeting, which will end with the release of a statement. The general consensus is that there will be no change in the current economic policy, but investors will be looking for clues on when the Central Bank will raise rates.