The dollar has traded softer. EUR-USD clocked a five-day high at 1.1345 following a run through buy-stop orders around 1.1310, bringing last Thursday's peak at 1.1379 back into scope, with the May-15 peak at 1.1466 beyond here. A run of encouraging data, and perky May inflation data, out of the Eurozone has enabled to the euro to hold its own against the dollar, despite the rekindled Fed tightening narrative following the strong May U.S. payrolls report. The forex market is also taking an sanguine view of Greece's continuing standoff with its creditors at bailout negotiations.
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