The Euro (EUR) in a failure for the bears the 1.3000 level held firm and then short covering spurred the sharp move high on the Greece loan news. EUR/JPY is also at year highs as the relief rally continues and we are seeing a more positive outlook on most crosses. In US stocks, June Core CPI forecast at 0.2% vs. 0.1% previously. Also ahead, June EZ current Account forecast at 2.3bn vs. -1.8bn previously.
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