Friday FX: EUR, GBP, JPY

EUR/USDEurope moved to re-open funding to Greece’s disturbed economy on Thursday after the parliament in Athens approved a new bailout program in a fractious vote that left the government without a majority. The ECB increased emergency funding for Greek lenders, although capital controls will have to remain to avoid a bank run when they reopen on Monday. European Union finance ministers also approved 7 billion euros ($7.6 billion) in bridging loans to keep Greece afloat, allowing it to make a bond payment to the ECB next Monday and clear its arrears with the IMF. The loans will be finalised on Friday provided Germany’s parliament approves a Berlin government request to open talks on a three-year bailout program — Greece’s third in the past five years — worth up to 86 billion euros.


GBP/USDThe U.S. dollar held up against the pound on Thursday, after upbeat U.S. jobless claims data and as comments by Federal Reserve Chair Janet Yellen continued to support.


USD/JPYThe dollar rose to one-and-a-half month highs against the yen on Thursday, after Federal Reserve Chair Janet Yellen said the central bank is on track to raise interest rates “before year end.”


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