EUR-USD rebounded over 70 pips from a two-day low at 1.0667 in reaching 1.0740 as the Grexit risk premium unwound some after a Greek government official said they are expecting a positive signal from the Eurogroup meeting in Riga tomorrow, adding that a deal is close. Creditor officials, however, have been urging more progress. Sub-expectations Eurozone PMI had earlier weighed on the euro. Erratic trade in EUR-USD, which clocked a two-day low today after clocking a two-day high yesterday, looks likely to continue.
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