EUR/USD under pressure as Greece delays IMF payment

EUR/USD came under pressure after Greece requested to delay a June 5 payment of 300 million euros to the IMF. EUR/USD pulled away from a more than two-week high of 1.1380 hit on Thursday and slipped about 0.2 percent on the day to 1.1217. Falling German bond yields also led to the move lower. Greek Prime Minister Alexis Tsipras asked to bundle four payments due in June to the IMF into a single 1.6 billion euro lump sum which is now due on June 30.

EUR/JPY fell around 0.1 percent to 139.60, pulling away from its high of 141.06 touched in the previous session, its highest level since early January. But it remains above last week’s low of 133.10 but

USD/JPY was last slightly up on the day at 124.45, within sight of a 12-1/2-year high of 125.07 hit on Tuesday. The main risk for the dollar will be the highly anticipated US non-farm payrolls report due later today. Forecasts are for a gain of 225,000 jobs in May, which would reinforce expectations that the Federal Reserve could raise interest rates as early as September. Expectations of higher rates would give the dollar a boost. Thursday’s initial jobless claims also helped lift the greenback as the numbers hit the lowest level since 2000.

AUD/USD gained 0.2 percent to 0.7703, rising from a two-month low of 0.7595 hit on Monday. The aussie made back some losses made after recent downbeat economic data that revived expectations that the Reserve Bank of Australia might cut rates.

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