EUR-USD extended to a three-week peak of 1.0991 during the late NY session yesterday, and has since consolidated in an narrow ranged just off here. News earlier in the week that Athens has revamped its negotiating team has supported the euro. Good demand has been seen in EUR-JPY, too, which logged a three-week peak yesterday. EUR-CHF has also sprung higher, to the 1.0500 area. Elsewhere, USD-JPY edged out a nine-day low at 118.75. Declines from levels above 120.00 over the last week reflect broader dollar weakness for the most part.
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