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Still on Track for a EU / IMF Sponsored Bailout of Greece
USD gained marginally but not materially during the Asian session as optimism generated by last week’s news flows around Greece dissipated. However as Europe entered the market, FX risk-correlated trades had begun to rally and the lack of real EU negative news was deemed a good sign. USDCHF climbed to 0.8387 before dropping to 0.8329 while EURUSD fell to 1.4560 before rallying to 1.4666. As we... ...More...
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