The euro retreated during the European AM session as the market hedged it bets with regard to the Greece situation and today's emergency EU summit. Greek PM Tsipras held a cabinet meeting over the weekend to discuss compromises on election pledges, an a EU source cited by Reuters said that this could be the basis for a compromise between Greece and creditors, although not today but over the coming days. EUR-USD chopped from a 1.1403 high to a 1.1315 low before settling around 1.1350. USD-JPY has recovered above 123.00.
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