EUR-USD has come under pressure in early Europe trade, dipping to 1.1122, though still shy of the 1.1112 low seen yesterday. Greece defaulted on its IMF repayment and markets will remain on tenterhooks as policymaker wranglings continue. French finance minister Sapin said that the goal is achieve a Greek accord before Sunday's referendum "if possible," but most won't believe it until they see it. There are also expectations for a decent U.S. payrolls report tomorrow, which should maintain a downside in EUR-USD.
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