The Euro (EUR) heavy selling came through on the Euro after comments from ECB officials that a Greece credit event might stop the ECB accepting the bonds as collateral and have unforeseen spillover effects onto other smaller European countries. Overall the EUR/USD traded with a low of 1.4476 and a high of 1.4654 before closing the day around 1.4534 in the New York session. Looking ahead, ECB President Speaks.
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