Clear Europe's Patience

Fundamental Analysis EUR 17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30. USD Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by Eric Schneiderman, Attorney General of New York. According to Schneiderman, the lenders' use of database (MERS) led to inadequate foreclosures. Banks are accused of misleading home-owners, undermining foreclosure proceedings and creating uncertainty about proprietorship interests in real estate. ...

(Reuters) - The euro retreated from a near three-week high against the dollar on Tuesday as talks to restructure Greece's debt hit a stalemate, raising concerns that the country could succumb to a disorderly default. Euro zone finance ministers rejected as insufficient an offer made by private creditors to help restructure Greece's debts, sending negotiators back to the drawing board and raising anew the threat of a disorderly Greek default. Private bondholders, meanwhile, pleaded with officials to reach a deal. A deal to restructure Greek debt must be agreed before the country can secure its second round of bailout funds needed to avoid a disorderly default that could raise the possibility of contagion among euro zone nations, hit global economic growth and hurt Europe's banking system. ...

Forex News and Events: Headlines remain the primary driving force in FX markets. Rumors that the IMF was preparing a plan to lend Italy €600bn gave risk appetite a boast in Asian trading. However, Dow Jones has stated that unnamed IMF officials have denied the package. Asia regional indicates were strong across the board with the Hang Seng up 1.97% and the Nikkei up 1.56%. EURUSD was able to stage a mild rally off the 1.3220 floor to 1.3330 while AUDUSD was the other big winner rallying to 0.98789 from 0.9740. In other rumors, there was buzz that German and French talks have culminated in the accelerated fiscal integration and joint bond issue. While the integration speculation is still on the table, German government sources have rejected their participation in Eurobonds. For today ...

(Reuters) - The euro rose for the fourth straight day against the dollar on Wednesday on cautious optimism Greece's lenders will give it bailout funds crucial to avoid a near-term default on its debt. Month-end two-way flows dominated euro price action, with U.S. corporations and speculators selling the single-currency as central banks bought it, a trader said. The euro was also supported by data showing inflation in Germany ticked up. That should ease pressure on the European Central Bank to lower rates. EU and IMF inspectors return to Greece on Thursday to decide whether Athens has done enough to secure a new batch of aid vital to avoid bankruptcy. Germany suggested a new bailout may have to be renegotiated. Finland on Thursday voted to grant additional powers to the euro zone ...