The euro remained well bid following news yesterday that Athens had chopped Finance Minister Varoufakis from the negotiating team. The dollar's yield advantage over the euro has also narrowed, too, albeit moderately, over the last couple of trading days, shrinking to the 175-76 bp area from around 180 bp at the 10-year T-note over Bund comparison. EUR-USD hit a new three-week high at 1.0931, surpassing yesterday's peak by four pips. Euro crosses also advanced, even EUR-CHF which sprung to a one-month peak at 1.0475.
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