The euro failed to sustain gains on the Greek deal news, with EUR-USD having tumbled sharply to a 1.1054 low after peaking at 1.1197 following a 50-pip plus rally. EUR-JPY, EUR-GBP and other euro crosses saw a similar price action, though to a lesser magnitude as the dollar itself has been picked up amid a market narrative that investors can now start looking beyond the Greek crisis and to prospects of a U.S. rate hike before year-end. USD-JPY surged to an 11-day at 123.49 in the wake of the Greece news, which has seen stock markets rally.
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