Greece won't influence EUR use, ECB forward guidance very clear - ECB's Noyer

FXStreet (Bali) - ECB's Board member Noyer is crossing the wires, via Reuters, noting that he doesn't believe Greece can have serious influence on the use of the euro as it represents 2 pct of euro economy and euro zone reforms have been significant.

With regards to monetary policy, Noyer said ¨forward guidance is very clear for coming years, which gives a clarity which makes monetary policy stable and predicatable."

Jun 8, 2015

EUR/USD rises through 1.1300

EUR/USD rose more than 200 pips throughout the day and managed to pierce through the 1.1300 psychological level into the end of the New York session.

BoC Wilkins: Higher interest rates will come in context of stronger economies

Bank of Canada's Wilkins notes, via Reuters, that eventual higher interest rates will be a test for financial system but will come in context of stronger economies. Meanwhile, Wilkins also made comments with regards to Canada's direct exposure to Greeek debt, saying it is very small, thus "risk of spillover to Canada from Greece is not a high probability", Wilkins said.