July 2015 – Page 3 – Foreign Exchange Professionals Association

July 6, 2015 Julie RosglobalFXsource0

Greece Votes “No”: Markets React Calmly, Eye China

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Greece Votes “No”: Markets React Calmly, Eye China – Profit & Loss (free story)
Greece’s historic referendum on whether to accept the terms of a new bailout has voted ‘no’ by a wider than expected margin. With all votes counted, the ‘no’ vote had achieved a 61.3% share, higher than the 55-58% predicted at the end of last week.

July 3, 2015 Julie RosglobalFXsource0

Brazil Antitrust Agency Investigating Banks for Suspected Rate Manipulation

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Brazil Antitrust Agency Investigating Banks for Suspected Rate Manipulation – Wall Street Journal (subscription)
Brazil’s antitrust agency is investigating banking giants Citigroup, HSBC, Deutsche Bank and a long list of their peers on suspicion of forming a cartel to manipulate the exchange rate of the Brazilian currency, the real.

July 2, 2015 Julie RosglobalFXsource0

Euro Area Ends Greece Negotiations Until Referendum Outcome

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Euro Area Ends Greece Negotiations Until Referendum Outcome – Bloomberg
Euro area finance ministers ruled out further negotiations between Greece and its creditors until a Sunday referendum on austerity, Dutch Finance Minister Jeroen Dijsselbloem said.

July 1, 2015 Julie RosglobalFXsource0

Tsipras Backs Down on Many Greece Bailout Demands

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Tsipras Backs Down on Many Greece Bailout Demands – Financial Times (subscription)
Greek prime minister Alexis Tsipras will accept most of the bailout creditors’ conditions offered last weekend, but is still insisting on a handful of changes that could thwart a deal according to a letter he sent late on Tuesday night.
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