The dollar wobbled on a Bloomberg report that Obama said at the G7 meetings he thought currency strength was a problem, though a senior White House official quickly refuted this. EUR-USD settled back under 1.1150 after leaving an intraday high at 1.1178 on the Bloomberg report. The bias is likely to remain to the downside with Friday's strong U.S. payrolls data having reopened the Fed tightening narrative, while the continued lack of progress in Greece's negotiations with creditors also continues to be a thorn in the euro's side.
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