During today’s early trading session, Asian markets were mixed after weak data out of China. The yearly CPI, monthly CPI and yearly PPI all showed lower than expected figures. Following the release of the positive Australian House price index, the AUD strengthened against the Dollar during early trade.
European stocks are trading higher after Greece has today offered a compromise in regards to the existing bailout agreement. Finance Minister Yanis Varoufakis said Greece will “implement about 70 percent of reforms already included in the current bailout accord”.
During early US trade, the Dollar continued to trade higher against a basket of major currencies as concerns about Greece’s future in the EU remained. Traders are keeping a close eye on the negotiations over the country’s debt and bailout. Later today, the US is to release the JOLTs Job openings, a higher than expected figure could strengthen the Dollar further.
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