After posting gains overnight, the dollar ran out of steam in N.Y. trade on Monday. EUR-USD was sold into the 1.1000 level in early dealings, though found support ahead of the figure, before rebounding over 1.1090. The Greece mess remains in place, with confusion reigning for the most part. USD-JPY showed signs of strength after Wall Street pared early losses, though later retreated under 122.40 as stocks turned lower again. Renewed Grexit talk, coupled with calls from Germany's Merkel for Greece to come up with concrete proposals weighed on risk levels into the close.
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