The euro is trading higher as markets react to news that Greece's proposals include concessions that seem likely to satisfy creditors. EUR-USD ran to a 10-day high of 1.1134, bringing into scope the 50-day moving average at 1.1177, and the 20-day average at 1.1180. EUR-JPY sprang to a four-day peak of 133.81. Stocks markets in China rallied strongly for a second day, with the Shanghai Comp gaining nearly 7%, adding to yesterday's near 6% advance as yet further stabilization measures were implemented.
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