EUR-USD remains well bid, nudging out a new 10-week peak at 1.1371. EUR-JPY also traded to a new four-month peak, while the euro also managed to perk up against the recently outperforming Aussie. Generally encouraging signs of improving growth in the Eurozone are feeding a market narrative that the ECB may become less committed to its current QE program, and could eventually consider an tapering of the program. This is offsetting the spectre of a continued lack of breakthrough in bailout negotiations between Greece and its creditors.
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