By 4:30 am Brussels time, member states wrapped up an agreement on measures that would set up holding centers to handle asylum seekers speed up the process of determining whether people have the right to asylum and expelling those who don’t. They also agreed on increasing border security. The euro jumped as the deal showed unity within the bloc, which had been seeing a rift lately, especially caused by Italy, which was making strong demands. The E.U. Summit contuse into a second day today. Meanwhile, Eurozone CPI data will be eyed later. It remains to be seen how long the euro’s short covering bounce will last. The EURUSD is currently trading above $1.16.
E.U. reaches Migration Deal
Daily Analysis - 29/06/2018