EUR-USD dove back to the mid-1.11s on concerns about the ongoing stalemate in Greek negotiations with creditors. Market attention will remain on Greece, where the chances of capital controls and an exit from the euro are back on the cards. German consumer confidence came in slightly under expectations, although at a still-firm 10.1 level by the Gfk measure. The yen traded higher amid a backdrop of risk aversion, with the currency rediscovering its inverse correlation with stock markets, which were mostly down in Asia and Europe.
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