Yesterday, the International Monetary Fund confirmed that the Greek government failed to make a scheduled €1.6 billion loan repayment, which supported the greenback and pushed the USD Index to an intraday high of 95.89. Earlier today, news that Greece is ready to accept most conditions from its international creditors triggered further improvement in the index and took it above 96. What impact did this rally have on EUR/USD, USD/CAD and USD/CHF?

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Today’s industry data showed that Australia's new home sales dropped by 2.3% in the previous month, which pushed AUD/USD below the support line. Despite this deterioration, the exchange rate reversed and climbed to yesterday’s high. Will we see further rally?

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On Saturday, Greece broke off negotiations with creditors and Prime Minister Alexis Tsipras called for a referendum on whether to accept the terms proposed by lenders for extending the country’s bailout, which triggered deposit outflows over the weekend. As a result, yesterday, the Greek government ordered an emergency bank shutdown and the central bank moved to impose capital controls. What impact did these circumstances have on currency market?

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Earlier today, the University of Michigan reported that its consumer sentiment index climbed to a five-month high of 96.1 in June, beating analysts’ expectations for an unchanged reading. On top of that, the university also showed that its inflation expectations for the next 12 months remained unchanged. Thanks to these solid numbers, the USD Index moved higher and approached this week’s high. Will we see further rally? What impact could it have on our six currency pairs?

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Earlier today, the Swiss National Bank Chairman Thomas Jordan warned that the Swiss currency was overvalued and added that the bank will continue to weaken it by intervening in currency markets. As a result, USD/CHF moved sharply higher, reaching a short-term resistance. Will we see a breakout in the coming days?

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