The dollar traded generally firmer. EUR-USD dove after Germany's Merkel said that the strong euro makes reforms harder in some peripheral Eurozone countries, while a notably hardening line from Greece's creditors and a poll finding 51% of Germans favour Greece leaving the euro were also in the news mix. EUR-USD hit at low of 1.1151 following a 75 pip nosedive over a five minute period. The pair had been primed to react to bearish news following yesterday's strong U.S. May retail sales and consequent upward revisions to Q1 and Q2 GDP forecasts. USD-JPY pushed to the upper 123s.
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